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Zhenhua Heavy Industries bags bumper barge contracts

Zhenhua Heavy Industries bags bumper barge contracts
Shanghai: Shanghai-based Zhenhua Heavy Industries bagged two bumper contracts to build a fleet of 128 iron ore barges and one 5,000 dwt heavy-lift salvage vessel.

The Chinese shipyard inked a $114m deal with Brazil-based Girocantex Sociedad Anonima to build 128 iron ore barges due for delivery between this year and 2014.

Zhenhua Heavy Industries also penned a RMB1.58bn ($252.84m) contract to build one 5,000 dwt heavy-lift salvage vessel for Yantai Salvage Bureau of Ministry of Transport. The vessel is slated for delivery in 2015.

TAGS: Shipyards
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