Hengli Heavy seals deal for up to four VLCCs

Chinese yard Hengli Heavy Industries has secured a contract with a European shipowner for up to four very large crude carriers (VLCCs), in a deal valued at about $470m. The order, widely linked in the market to John Fredriksen’s tanker giant Frontline, covers 306,000 dwt newbuilds priced at around $118m each. Hengli did not disclose …

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