It is the first shipbuilding project signed between Penglai Zhongbai Jinglu Ship Industry and Raffles Shipping International and is seen as strengthening its position in overseas markets.
The tanker newbuilds are due for delivery in late 2021.
Penglai Zhongbai Jinglu Ship Industry, located at China’s Shandong province, was established in April 2006. The shipyard is engaged in shipbuilding, ship repair, and offshore engineering equipment manufacture.
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