Nantong Mingde Secures Stainless Steel Chemical Tankers Order, China

Signing ceremony for the 2+6 33.000 DWT Stainless Steel Chemical Tankers shipbuilding deal between Nantong Mingde Heavy Industry Stock Co., Ltd. and J.O. Invest was held, on 26th November 2012, in Nantong JinShi International Hotel.

About 60 distinguished guests attended this signature ceremony, including Mr. Frode Høyland (Managing Director) and other representatives from J.O.Invest, Mr.Chen Yixing, Deputy Mayor of Nantong Municipal People’s Government and relevant leaders from the government, as well as partners from cooperative banks.

Mingde owns independent intellectual property of the 2+6 vessels. In consideration of economical efficiency and environmental friendliness, Mingde has optimized the design based on the current 30,000 DWT Stainless Steel Chemical Tankers, therefore the deadweight of the new vessels has been increased 10%, but the fuel oil consumption has been decreased about 30%.

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Press Release, November 27, 2012