Nanjing Tanker

On October 19, COSCO Ningo held a working exchange with the North of England P&I Club. Paul Jennings, deputy general manager of the North of England P&I Club, and Dai Ronghui, party secretary and president of COSCO Ningo, attended the meeting. Dai introduced the company’s business layout, fleet scale, and medium-to-long-term development plan.

On September 24, Dai Ronghui, party secretary and president of COSCO Ningo, led a pre-festival safety inspection and comfort visit to *Changhang Zuanshi*, docked at Nansheng Refinery.

Nanjing Tanker Corporation reports a **US$171 million net profit** for the first nine months of 2026, a 20.15% increase year-over-year, driven by revenue growth of 14.68% to **US$736 million**. The Shanghai-listed tanker operator, controlled by China Merchants Group, attributes growth to accelerated fleet renewal investments in **MR and LR2 tankers**, though third-quarter margins declined due to rising operating costs outpacing revenue gains.

Nov 2026Xinde Maritime NewsNews article

China Merchants-controlled **Nanjing Tanker** is investing up to **RMB191.72 million** ($28.7 million) to build **10 new crude oil barges** for its Yangtze River fleet. The expansion aims to modernize its transportation capacity along the river. The company operates within China’s state-backed shipping sector.

Nov 2026AdalyticaNews article

China Merchants Nanjing Tanker adds **14 new tanker vessels** as part of its fleet renewal initiative. The dual newbuilding orders support the company’s strategy to modernize its shipping capacity. The move aligns with broader industry trends toward upgrading aging fleets with energy-efficient and technologically advanced vessels.

Oct 2026Seatrade Maritime NewsNews article

Nanjing Tanker Corporation (NJTC) approves construction of four methanol-ready LR2 tankers, each with a capacity of 115,000 deadweight tons (dwt), as part of a $294 million investment. The vessels will be built at Dalian Shipbuilding Industry Company (DSIC). The announcement also includes plans for ten 4,000-dwt crude oil barges.

Oct 2026iMarineNews article