Guangdong Songfa Ceramics (SHA:603268) subsidiary Hengli Shipbuilding (Dalian) signed two construction contracts for 10 crude oil tankers worth between $700 million and $1 billion, according to a Tuesday filing with the Shanghai Stock Exchange.
The tankers can carry 158,000 deadweight tons, the filing said.
The company will build nine tankers for a company under Dynacom Tankers Management in Greece, and another unnamed European shipowner, the filing said.
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