November 6

Xingtong Shipping lines up six chemical tanker newbuilds

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Greater ChinaTankers

Chinese chemical tanker player Xingtong Shipping has set out to expand its fleet with six stainless steel newbuilds.

The Shanghai-listed company said its subsidiary Xingtong Kaicheng Shipping would invest up to RMB1.4bn ($195.5m), excluding tax, in a pair of 25,900 dwt methanol dual-fuel vessels and four 13,000 dwt units.

The yard has yet to be named but Xingtong already has methanol 25,900 dwt newbuilds booked for construction at CSSC-affiliated chemical tanker specialist Wuchang Shipbuilding, which has bagged several newbuilding projects this year including up to 10 ships for Junzheng Group.

Set up in 1997, Xingtong controls a fleet of 43 vessels comprising chemical tankers, product oil tankers and LPG carriers. The company said it plans to deploy the latest newbuilds on international trades.

The post Xingtong Shipping lines up six chemical tanker newbuilds appeared first on Energy News Beat.

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