It recorded net earnings of CNY 313.1m ($51.2m) in the nine months to 30 September, compared to a loss of CNY 201.2m in the corresponding period a year ago

In September, the company said it would spend a total of $389.5m on four new VLCCs.

Dalian Shipbuilding Industry will build two 319,000 dwt tankers for delivery in June 2016 and January 2017.

And