Guangdong Songfa Ceramics Unit Secures Two Shipbuilding Contracts for Up to $500 Million

MT Newswires Live

02/09

Guangdong Songfa Ceramics (SHA:603268) shipbuilding unit Hengli Shipbuilding secured contracts to build crude carriers and oil tankers, according to a Saturday filing with the Shanghai bourse.

The first contract was for two very large crude carriers, with a contract value of $200 million - $300 million, for a Singaporean buyer.

The other was for two crude oil tankers, with a contract value of $160 million - $200 million, for a company under Greece's Minerva Marine.

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