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Nanjing Tanker plans Yangtze fleet renewal with ten crude oil barges
China Merchants-controlled Nanjing Tanker plans to invest up to RMB191.72m ($28.7m) in ten 4,000 dwt crude oil barges to serve refineries along the Yangtze River.
Shanghai-listed Nanjing Tanker has approved the investment through wholly owned subsidiary Nanjing Yangtze River Oil Transport Logistics. The planned amount is up to RMB191.72m, or $28.7m.
The project covers ten 4,000 dwt crude oil barges intended to upgrade the fleet serving refineries along the Yangtze River.
Hunan Jinhang Shipbuilding is named in connection with the project as the selected shipyard; the supplied text does not provide full contract details.
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