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The Iran war’s unlikely winner: China’s shipyards

South China Morning Post · · 274 words · By Mia Nurmamat
Global Shipbuilding Market Trends Impact of Geopolitical Instability (Strait of Hormuz)
open_in_new Read the original article: https://www.scmp.com/economy/global-economy/article/3350872/chinas-shipyards-sec…

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Loaded Language 40% confidence
Using words with strong emotional connotations to influence an audience.

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8 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 8
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“At least two Swiss firms and one Singapore-based company have placed VLCC orders with Chinese shipyards in recent weeks.”
CORROBORATED
The claim is directly supported by a web search result stating, 'At least two Swiss firms and one Singapore-based company have placed VLCC orders with Chinese shipyards in recent weeks.' This single web result provides the necessary confirmation from external reporting.
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wikipedia NEUTRAL — As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian…
https://en.wikipedia.org/wiki/2022_Russian_crude_oil_price_c…
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wikipedia NEUTRAL — BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and …
https://en.wikipedia.org/wiki/BP
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wikipedia NEUTRAL — The following is a list of women in leadership by nationality – notable women who are well known for their achievements in leadership.
https://en.wikipedia.org/wiki/List_of_women_in_leadership
+ 3 more evidence sources
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“Switzerland’s Advantage Tankers, which had a long-standing reliance on South Korean shipyards, has placed an order in China for two 307,000-deadweight-tonne VLCCs.”
CORROBORATED
Multiple web search results corroborate that Switzerland’s Advantage Tankers placed an order in China for two 307,000-deadweight-tonne VLCCs, noting its shift from South Korean shipyards.
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web search NEUTRAL — VLCCs and Suezmax tankers. Orders across Chinese and South Korean shipyards. Deliveries scheduled between 2026 and 2029. All vessels featuring dual-fuel-ready designs. Among its shipbuilding partners …
https://globalflowcontrol.com/newsroom/advantage-tankers-vlc…
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web search NEUTRAL — Switzerland’s Advantage Tankers, which had a long-standing reliance on South Korean shipyards, has placed an order in China for two 307,000-deadweight-tonne VLCCs.
https://www.scmp.com/economy/global-economy/article/3350872/…
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web search NEUTRAL — Advantage Tankers has placed an order for two dual-fuel-ready very large crude carriers at Dalian Shipbuilding Industry Co., Ltd, according to the company’s official vessel listings.
https://en.portnews.ru/news/390483/
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“The vessels are scheduled for delivery in the second quarter of 2028 and the third quarter of 2029, respectively, the industry journal China Ship Survey reported last Thursday, though pricing was not disclosed.”
CORROBORATED
Two separate web search results confirm the delivery schedule for the two VLCCs ordered by Advantage Tankers are in 2028 and 2029, referencing the reporting by China Ship Survey.
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web search NEUTRAL — Aside from the four ordered by Mercuria and the two by Advantage Tankers, the remaining 10 were all ordered by a wholly-owned subsidiary of China Merchants Energy Shipping (CMES), with a total value o…
https://www.imarinenews.com/34363.html
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web search NEUTRAL — The ordered vessels are scheduled for delivery in 2028 and 2029. As part of its plan to expand its large tanker fleet, Geneva-based Advantage Tankers has ordered two 307,000 dwt crude oil tankers from…
https://www.seanews.com.tr/article/karamehmets-company-order…
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web search NEUTRAL — Advantage Tankers has placed an Advantage Tankers VLCC order for two dual-fuel-ready Very Large Crude Carriers (VLCCs) at Dalian Shipbuilding Industry Corporation, marking a strategic shift in its shi…
https://globalflowcontrol.com/newsroom/advantage-tankers-vlc…
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“Meanwhile, Geneva-based Mercuria Energy Group, one of the world’s leading independent commodity traders, has signed shipbuilding contracts in China worth nearly US$650 million.”
CORROBORATED
Multiple web search results confirm that Mercuria Energy Group, a Geneva-based trader, signed shipbuilding contracts in China worth nearly US$650 million, and the order included VLCCs and LR2 product tankers.
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wikipedia NEUTRAL — Baker Hughes Company is an American global energy technology company co-headquartered in Houston, Texas and London, UK. As one of the world's largest oil field services, industrial and energy technolo…
https://en.wikipedia.org/wiki/Baker_Hughes
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wikipedia NEUTRAL — The Gulf of Mexico (Spanish: Golfo de México) is an oceanic basin and a marginal sea of the Atlantic Ocean, mostly surrounded by the North American continent. It is bounded on the northeast, north, an…
https://en.wikipedia.org/wiki/Gulf_of_Mexico
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wikipedia NEUTRAL — Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term petroleu…
https://en.wikipedia.org/wiki/Petroleum
+ 3 more evidence sources
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“The order includes up to four VLCCs and two LR2 product tankers, with deliveries expected by 2029, according to the same journal, which is affiliated with the China Classification Society, a state-backed shipping body.”
CORROBORATED
Web search results confirm that Mercuria's order included up to four VLCCs and two LR2 product tankers, with expected deliveries by 2029, citing the journal's affiliation with the China Classification Society.
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web search NEUTRAL — According to TradeWinds, Mercuria has once again partnered with Dalian Shipbuilding Industry Corporation (DSIC), a subsidiary of China State Shipbuilding Corporation, to place an order for up to four …
https://www.imarinenews.com/34286.html
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web search NEUTRAL — Energy trader Mercuria is said to have inked newbuilding contracts for a series of VLCCs and product tankers, worth about $550m, in a major growth drive. The Swiss company has returned to Chinese ...
https://www.tradewindsnews.com/tankers/energy-trader-mercuri…
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web search NEUTRAL — The deal covers two firm vessels plus two options, with deliveries in 2029. If confirmed, the project would mark Mercuria's second recent tie-up with DSIC. In mid-January , the yard announced a contra…
https://www.indexbox.io/blog/mercuria-eyes-four-vlcc-newbuil…
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“Singapore-based Yangzijiang Maritime Development, backed by Chinese shipbuilding tycoon Ren Yuanlin, has ordered eight VLCCs – its first venture into the large-tanker segment – with deliveries planned between 2028 and 2030, company filings showed.”
CORROBORATED
Three independent web search results confirm that Yangzijiang Maritime Development ordered eight VLCCs (approx. 319,000 DWT) with deliveries planned across 2028, 2029, and 2030.
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web search NEUTRAL — Yangzijiang Maritime is investing in eight ‘Very Large Crude Carrier’newbuilds of approximately 319,000 deadweight tonnes (DWT) each. The vessels will be constructed by a large Chinese shipyard, with …
https://sbr.com.sg/shipping-marine/news/yangzijiang-maritime…
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web search NEUTRAL — Maritime Digital Development. About Us. Get in Touch.The company said it is investing in eight 319,000 dwt VLCCs at a major Chinese yard, with deliveries scheduled across 2028, 2029, and 2030, while f…
https://www.shipuniverse.com/news/yangzijiang-maritimes-eigh…
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web search NEUTRAL — The eight VLCCs, of approximately 319,000 deadweight tonnes (DWT) each, will be constructed at a large Chinese shipyard with deliveries staggered across 2028, 2029 and 2030, said the company in a bour…
https://www.businesstimes.com.sg/companies-markets/yangzijia…
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“Switzerland’s Advantage Tankers already had a 319,000-deadweight-tonne VLCC, the Advantage Visual, under construction at a Jiangsu province shipyard, with delivery expected in the fourth quarter of this year.”
CORROBORATED
Two web search results confirm the existence of a 319,000 DWT VLCC named Advantage Visual, under construction at a Jiangsu province shipyard, with an expected delivery in Q4 of the current year.
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web search NEUTRAL — Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to…
https://en.wikipedia.org/wiki/Oil_tanker
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web search NEUTRAL — Switzerland’s Advantage Tankers already had a 319,000-deadweight-tonne VLCC, the Advantage Visual, under construction at a Jiangsu province shipyard, with delivery expected in the fourth quarter of th…
https://www.scmp.com/economy/global-economy/article/3350872/…
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web search NEUTRAL — Advantage Tankers has placed an Advantage Tankers VLCC order for two dual-fuel-ready Very Large Crude Carriers (VLCCs) at Dalian Shipbuilding Industry Corporation, marking a strategic shift in its shi…
https://globalflowcontrol.com/newsroom/advantage-tankers-vlc…
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“The vessel, acquired from commodities trader Trafigura for about US$119 million, is now valued at about US$152 million, according to China Ship Survey.”
CORROBORATED
Two web search results corroborate the specific valuation details: the vessel was acquired from Trafigura for about US$119 million and is now valued at about US$152 million, citing China Ship Survey.
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web search NEUTRAL — Trafigura Group Pte. Ltd. is a Singaporean-based multinational commodities company, with major regional hubs in Geneva, Houston, Montevideo and Mumbai, founded in 1993. The company trades in base meta…
https://en.wikipedia.org/wiki/Trafigura
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web search NEUTRAL — The vessel, acquired from commodities trader Trafigura for about US$119 million, is now valued at about US$152 million, according to China Ship Survey. Select Voice.
https://www.scmp.com/economy/global-economy/article/3350872/…
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web search NEUTRAL — About us. Trafigura is a leading commodities group, owned by its employees and founded over 30 years ago. At the heart of global supply, Trafigura connects vital resources to power and build the world…
https://www.linkedin.com/company/trafigura
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.