More than 90% of global orders for Ultra Large Crude Carriers are heading towards China. China's Ultra Large Crude Carriers are in high demand globally.

The latest data shows that in the first quarter of this year, China has secured orders for 67 ultra-large oil tankers, accounting for 92.0% of the global market share. The construction period of related shipyards has been scheduled up to 2030. Currently, China's oil tanker construction has mastered the latest dual-fuel power technologies such as methanol and liquid ammonia. Chinese shipbuilding enterprises are witnessing a concentrated outbreak of new oil tanker orders.