Shanghai-listed China COSCO Shipping Energy Transportation has finalized strategic shipbuilding contracts for six new tankers worth a total of $449 million ( approximately RMB 2.9 billion). Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy Industry for the construction of three 114,200 dwt Aframax-type crude oil tankers, totaling $289 million. […]

Shipping Heavy Industry China Hainan Yangzhou Shipping Energy Transportation Dalian Shipbuilding Year Plan Aframaxes Aframax MR-type Panamax Group Five-Year