On March 5, the construction contract for a 20,000DWT crude oil tanker was successfully signed between Yangfan Group Co., Ltd. and Henghui Shipping Co., Ltd.

It is 158.69m in length, 27m in width with a deadweight of around 23000t at a design draft of 8.5m. It is used to carry liquid cargoes in unrestricted navigation areas along the coast of China and the waters of the Yangtze River as well as South Korea, Japan, Singapore, Southeast Asia, etc. in accordance with current regulations and rules.