Titan Wind Energy announced that its wholly-owned subsidiary in the offshore engineering segment has signed a contract with a subsidiary of an internationally renowned shipowner for the construction of six 114,000 DWT product and crude oil tankers. The contract value is approximately 420 to 480 million US dollars, equivalent to about 2.85 to 3.26 billion yuan. The contract has a long performance period and will not have a significant impact on current profits, but it will help enhance the company's medium- to long-term market competitiveness and profitability.
Titan Wind Energy SuzhouTitan Wind Energy's subsidiary signed a shipbuilding contract worth $420-480M for six tankers, boosting medium-term competitiveness and profitability.