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Sumitomo lands China Merchants order.
(From Lloyds List)
Byline: Mike Grinter in Hong Kong
SUMITOMO Heavy Industries of Japan has confirmed signing a deal with China Merchants Group for two 105,000 dwt tankers.
Priced at $62.5m each, the vessels will be deployed by China Merchants subsidiary Ming Wah Universal.
In March this year, China Merchants Group signalled its intention to list Ming Wah on China's A-share market in June or July. But a spokesman for the company said the decision had been deferred due to market reform that has been going on ...
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