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Three Chinese yards jointly win order for seven chemical tankers

Chinese shipyards Sainty Marine, Nantong Mingde Heavy Industry and Nantong Runde Ship Engineering have jointly won a contract to construct seven stainless steel chemical tankers for Celsius Shipping.

Lee Hong Liang, Asia Correspondent

April 24, 2014

1 Min Read
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The seven 24,600 dwt chemical tankers cost a total of $280m, and they are scheduled for delivery between 2016 to 2017.

As part of the contract, Nantong Mingde Heavy Industry and Nantong Runde Ship Engineering will build the vessels while Sainty Marine will buy them, thereafter Sainty Marine will sell the newbuildings to Celsius Shipping.

Celsius Shipping currently operates six 19,000 dwt stainless steel chemical tankers.

Last month, Nanjing-based Sainty Marine clinched an order to build ten 64,000 dry bulk carriers worth RMB1.7bn ($276.6m) for Bangkok-based Precious Shipping.

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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.

 

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