Cardiff Marine orders Four Aframaxes from Jiangsu Hantong
Aiswarya Lakshmi
Tuesday, August 18, 2015
Jiangsu Hantong Ship Heavy Industry Co.,Ltd. (HT) has signed 4+2 115,000DWT Aframax Oil Tankers contract with Cardiff Marine.
The Chinese shipbuilder said the tankers will be designed by Shanghai Merchant Ship Design & Research Institute (SDARI), and financial details of the deal were not disclosed.
They are built in NHT and are estimated to be delivered since September, 2017 successfully, the company said in its press release.
Economou-led Cardiff Marine ordered two similar aframax tankers at Hantong in July at a price of $46.5m each.
Jiangsu Hantong was established in 2003, specializing in shipbuilding and offshore products. HT is located in Jiangsu province,Nantong city,which is only 140 km away from Shanghai and transportation is very convenient.
Greece-based Cardiff Marine Inc manages a fleet in excess of 6 million deadweight and have completed orders for newbuilding aframax tankers, suezmax tankers and cape size bulk carriers for delivery from 2005 until 2010.