Greater China

Weihai Samjin bags tanker quartet

Dalian: Weihai Samjin Shipbuilding Industries announced that it has signed shipbuilding contracts with a Singaporean owner for the construction of four 50,000dwt chemical tankers. The vessels will be delivered in the second half of 2016 and will be charted to Laurin Maritime for seven years.

Laurin Maritime ordered four 50,000dwt tankers at Samjin in October last year, however, the orders were cancelled earlier this year as the newbuildings didn’t get refund guarantees.

Sanjin Shipbulding has received orders for four bulkers and four tankers this year with total contract value of $260m and it has set the target of receiving orders with total value of $1.5bn this year. [15/04/14]

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