Guangdong Songfa Ceramics (SHA:603268) subsidiary Hengli Shipbuilding Dalian secured a contract from Monte Nero Holdings for the construction of two 114,000 deadweight ton crude oil/product oil tankers.
The total contract value is estimated between $100 and $200 million, with deliveries scheduled for the first half of 2027, according to a Saturday filing with the Shanghai bourse.
Shares of the company rose 5% in recent trade.
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