SHA:603209

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Xingtong Shipping to Sell Oil Tanker for $28 Million

Xingtong Shipping (SHA:603209) agreed to sell its 2011-built oil tanker Xing Tong 799 to Maritime Global Shipping for $27.7 million, according to a Monday filing.The 49,962-deadweight-ton vessel, which transports refined petroleum products domestically and internationally, had a net book value of 108.1 million yuan as of June 30.The company said the sale will help optimize its fleet structure and free up funds for higher-specification green vessels.Delivery is expected between Sept. 15 and Oct. 31.

SHA:603209

Asia102d ago

Xingtong Shipping's Subsidiary Signs Four 697 Million Yuan Shipbuilding Deals

Xingtong Shipping's (SHA:603209) subsidiary, Xingtong Investment (Singapore), signed four shipbuilding contracts amounting to 697.3 million yuan, according to a Shanghai bourse filing on Thursday.The Chinese shipping company agreed to construct four 13,000-deadweight-tonnage stainless steel chemical tankers for Taizhou Maple Shipbuilding, Taizhou Kouan Shipbuilding and Jiangxi Xinjiangzhou Shipbuilding Heavy Industry.The ships will be delivered between Dec. 30, 2027, and June 10, 2028.

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