![Shanghai Waigaoqiao cuts steel for second VLCC in series for PTM](http://media.assettype.com/bairdmaritime%2Fimport%2Fwp-content%2Fuploads%2F200526-6-CSSC.jpg?w=480&auto=format%2Ccompress&fit=max)
Shanghai Waigaoqiao Shipbuilding (SWS) cut the first steel for a new very large crude carrier (VLCC) on Tuesday, May 19.
The vessel will be the second in a series that SWS is building for Greek owner Pantheon Tankers Management (PTM).
The VLCC will have a deadweight of 114,000 tonnes and will be classed by ABS.