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Jiangsu Hantong bags order to build four aframaxes for Cardiff Marine

Jiangsu Hantong bags order to build four aframaxes for Cardiff Marine
Jiangsu Hantong Ship Heavy Industry Co has bagged an order from Greece’s Cardiff Marine to construct four aframax tankers.

The newbuilding deal for the 115,000 dwt tankers includes an option to build two additional units, and delivery is scheduled from 2017, according to Jiangsu Hantong.

The Chinese shipbuilder said the tankers will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI), and financial details of the deal were not disclosed.

Local media cited analysts as saying that the deal for the four aframaxes could be worth $186m.