Honghua Group Ltd. announced that its subsidiary, Honghua Offshore Oil & Gas Equipment (Jiangsu) Co., Ltd., has secured a construction contract worth over RMB 240 million. The contract, signed with a domestic ship operation and management company, involves the sub-item construction of a research vessel. Honghua Offshore will handle various aspects including design for production, hull construction, equipment procurement, electrical work, and commissioning of the vessel. This development highlights Honghua Offshore's growing presence in high-end research vessel construction and aligns with the company's strategy to strengthen its capabilities in special vessel construction.
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