CIMC announced its successful entry into the VLCC large tanker construction market and disclosed the latest progress in its offshore engineering segment during an investor relations event. In the first quarter of 2026, the company secured new orders worth 750 million US dollars, including four 319,000-dwt ultra-large crude carriers, marking its first foray into the VLCC sector. In the second quarter, it added orders for two 7,000-CEU LNG dual-fuel car carriers and four plus six live fish carriers. In addition, the Greater PAJ FPSO project covers full-process turnkey contracting and is expected to achieve a daily production of 95,000 barrels after commissioning, demonstrating recognition of the company's comprehensive capabilities by major international oil and gas firms. In offshore asset operation and management, operating profit improved due to the successful charter of the Blue Whale 1 platform and contract renewals with price increases for multiple drilling rigs. In the first quarter of 2026, CIMC achieved revenue of 32.664 billion yuan and net profit attributable to shareholders of 209 million yuan.
China International Marine Containers Group LtdCIMC secured new orders worth $750M including VLCCs, car carriers, and live fish carriers, plus FPSO project recognition.