Shell has teamed with Bank of Communications Financial Leasing (Bocomm Leasing) on a series of up to 12 dual-fuelled LR2 tanker newbuildings worth almost $650m.
The vessels will be built at state-owned shipyards in China.
Industry sources said Bocomm Leasing, the Chinese lease finance giant, has selected Shanghai Waigaoqiao Shipbuilding (SWS) and Guangzhou Shipyard International (GSI) to construct the 120,000-dwt tankers, which will be able to run on LNG or conventional fuels.
