A wholly owned subsidiary of Tianshun Wind Energy's offshore engineering division recently signed and made effective contracts for the construction of six 114,000 deadweight ton product and crude oil tankers. The contract value is approximately 420 to 480 million US dollars, equivalent to around 2.85 to 3.26 billion yuan. Each of these LR2 tankers has an overall length of about 248.80 meters, a beam of about 44.00 meters, and a depth of about 21.50 meters. They will be delivered in batches in 2028 and 2029. Due to commercial confidentiality, the company has waived disclosure of specific customer information. The company stated that this contract signing validates its high-quality delivery capability in the oil and gas offshore engineering sector and consolidates its position in the oil and gas vessel field. However, the contract performance period is long and will not have a significant impact on current profits. If implemented smoothly, it will have a positive impact on future revenue and profits.
Titan Wind Energy SuzhouSubsidiary signs contracts for six LR2 tankers worth $420-480M, boosting future revenue and profits.