Shenghang Co., Ltd. (001205.SZ) plans to invest 995 million yuan to build six chemical/product tankers

According to the Zhitong Finance App, Shenghang Co., Ltd. (001205.SZ) announced that the company plans to sign a construction contract with China Merchants Shipbuilding Industry Group Nanjing Shipyard Co., Ltd. to invest in the construction of six 13,500 dwt stainless steel chemical/product tankers. The cost of a single ship is 166 million yuan (tax included), and the total construction price of the six ships is 995 million yuan (tax included).

According to reports, the cargo holds of ships for newly manufactured chemicals/refined oil products are made of duplex stainless steel, equipped with 14 cargo compartments, a single pump, and a single pipeline design, which can carry up to 14 types of cargo at the same time. This investment in ship construction is in line with the company's long-term development strategy. After the new shipbuilding is completed and put into use, it will continue to optimize the company's capacity structure, promote the upgrading of the fleet to a younger, high-end, and professional level, and further enhance the company's sustainable management capability and core competitiveness.