China’s Nanjing Tanker is ordering a series of panamax tanker newbuildings worth $252m to boost the competitiveness of its fleet.
In a regulatory disclosure, the Shanghai-listed tanker company said it had received approval from board members to order four 65,000-dwt newbuildings.
Nanjing Tanker said it is ordering the panamax crude carriers to improve and enhance the company’s fleet operation and competitiveness.
