Hong Kong-listed Chu Kong Shipping Enterprises (CKSE) has ordered a tanker at a group yard as it seeks to modernise its fleet.

It said its Sun Kong Petroleum division is spending CNY 9.68m ($1.32m) on the 33-metre ship at Guangdong Hope Yue Shipbuilding Industry (GSI).

Delivery must be by 15 November this year.

The aim is to upgrade its fleet of tankers and improve its competitiveness, the company said.

CKSE