In the first half of 2025, profits fell by over 50% due to weak demand for petroleum product transportation
Beijing – China Merchants Nanjing Tanker recorded a sharp decline in revenue and profits in the first half of 2025 due to instability in the global refined petroleum product transportation market. Operating revenue stood at approximately 2.77 billion Rmb, a decrease of 21.43% compared to the previous year, while net profit attributable to shareholders fell to approximately 570 million Rmb, a decline of 53.28%.
According to the company, the contraction in results is mainly linked to the volatility of the international market, the consequent drop in freight rates compared to the high levels of 2024, and the disposal of obsolete vessels. The company warned that global political, economic, and trade factors are accentuating fluctuations in the product tanker market, where the imbalance between regional supply and demand can easily generate strong price variations and operational uncertainties for shipowners and charterers.
To address the situation, the company stated that it will continue to focus on liquid cargo transportation, optimizing the fleet composition and expanding its presence in higher value-added markets. Currently, China Merchants Nanjing Tanker has 74 vessels, of which 11 are managed in external pools, for a total capacity of 2.85 million deadweight tons. Its activities mainly involve the transportation of offshore crude oil, refined products, chemicals, and gas, with routes concentrated in Southeast Asia, Northeast Asia, and Australia; refined product services extend mainly east of Suez, including India, the Middle East, East and South Africa, with a limited presence in Europe and the United States.
