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ZPMC to build 22 container cranes worth $167m for PSA

Shanghai Zhenhua Heavy Industries Co (ZMPC) has received an order worth SGD240m ($167m) to build 22 container cranes for port operator PSA Singapore.

Lee Hong Liang, Asia Correspondent

January 11, 2016

1 Min Read

Kalyakan - stock.adobe.com

The cranes will be delivered in batches starting from 2017, according to a regulatory filing by ZMPC to the Shanghai Stock Exchange.

“The confirmation of the latest contract will not only bring about positive earnings, it will also benefit the company in terms of maintaining its global market share on port equipment and raise the influence of our branding,” ZPMC said in the statement.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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