China Shipping Development Co (CSDC) has unveiled a massive order for eight tankers at a Chinese yard.
The near-$300m splurge brings to 40 the number of newbuildings the Hong Kong-listed owner has penned in China since August.
Guangzhou Shipyard has bagged the massive order for the 48,000-dwt products tanker octet. Each ship is costing CSDC $36.58m with the total spend at $292.64m,
