COSCO (Zhoushan) Shipyard Co., Ltd, have entered into a new contract with a European buyer, to build two units of 113,000 DWT Crude Oil Tanker, the company said in its press release. COSCO Zhoushan and the European buyer have agreed to keep the contract prices confidential. The crude oil tankers are scheduled for delivery in 1Q2018 and 2Q2018 respectively.
In addition, the European buyer has been given the option to make a decision before November 2016 to build another two units of 113 ,000 DWT Crude Oil Tankers.