Saverys family-controlled CMB.Tech is poised to ink newbuilding contracts for 20 stainless steel tankers worth more than $500m.

With the order, CMB.Tech’s small tanker fleet will be tripled to 30 vessels.

Shipbuilding sources said CMB.Tech interests will sign up for 10 tankers of 5,300 dwt and 10 of 15,000 dwt at China’s Nantong Xiangyu Shipbuilding & Offshore Engineering.

CMB.Tech