Nanjing Shenghang Lines Up Six Stainless-Steel Tanker Newbuilds
The Shenzhen-listed shipowner is committing nearly $150 million to a six-vessel chemical and product tanker program at China Merchants Nanjing Shipyard.
Nanjing Shenghang Shipping is moving ahead with plans to expand and modernize its waterborne transport fleet through a major newbuilding commitment for specialized liquid tonnage.
The Shenzhen-listed domestic owner plans to invest a total of CNY 994.8 million ($148 million) across a series of six stainless-steel chemical and product tankers, according to company arrangements.
Each vessel in the order will have a capacity of 13,500 dwt. The company has selected China Merchants Shipbuilding Industry Group Nanjing Shipyard to handle the construction of the entire six-ship series.
The individual contract price for each newbuilding has been set at CNY 165.8 million ($24.7 million), a figure that includes applicable taxes, as the carrier scales up its ongoing fleet renewal strategy.
Source attribution
No external source recorded for this article.
This article is an original editorial summary. It does not reproduce the source text. See our AI & content policy.
Related coverage
Strong near-term Chinese iron ore demand could lose momentum after upcoming public holidays amid renewed scrutiny on domestic steel producers.
20d ago
Market reports suggest that recent enthusiasm surrounding the scale of Chinese crude oil imports warrants closer scrutiny amid evolving demand signals.
25d ago
A conceptual warship platform incorporating nine large-caliber guns alongside electromagnetic arms and missiles has been suggested to counter drone swarms.
40d ago
The People's Bank of China logged its largest single-month gold purchase since 2023, stretching its unbroken buying streak to 22 months.
40d ago
The new waterway project will establish the shortest and most cost-effective sea-access corridor for inland southwestern China.
41d ago
Greek shipowner Venergy Maritime has expanded its tanker orderbook at Hengli Shipbuilding to four vessels after declaring options for two additional suezmaxes.
41d ago