In the fourth quarter, about 1m deadweight will be delivered. The growth is increased by 200% against that of the first half year.

As is revealed in the fourth quarter three VLCCs and two MR2 type tankers will be delivered.

The increased deadweight reached nearly 1m dwt which is the 20% of the total. By the end of 2010, the transport capacity of Nanjing Tanker Corporation will hit 4.84m dwt.

The new ships will mostly be used in China to Middle East route. About 70% of Nanjing Tanker's fleet is sailing in that route. By the end of June 2010, the total transport capacity achieved 3.72m dwt. In 2010, the growth of Nanjing tanker's fleet is increased by 45.8%. The deliveries of new ships may rapidly enhance Nanjing Tanker's capacity.

In the fourth quarter the freight of tanker market is expected to rebound but not so much. In 2011 the freight rate will face pressure to dive because of fewer demolitions and more deliveries. The company's VLCC fleet will be increased from nine to fourteen units next year. If the freight rate stays above $30,000 per day, the negative influence can be neglected.