China Merchants Energy Shipping (SHA:601872) plans to order six 343,000-deadweight-ton ore carriers through a related-party deal with China Merchants Shipbuilding.
The total investment is capped at 4.93 billion yuan, with deliveries scheduled between 2029 and 2030, according to a weekend filing with the Shanghai bourse.
Shares of the fleet operator rose 2% in recent trade.
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