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Hainan Haineng, a wholly-owned subsidiary of COSCO Haineng (01138), plans to invest in the construction of 4 VLCC crude oil tankers involving 3,793 billion yuan
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According to the Zhitong Finance App, COSCO Haineng (01138) announced that on November 9, 2026, Hainan Haineng (as the buyer), a wholly-owned subsidiary of the company, signed a contract with Dachuan Heavy Industries (as the seller) to build 4 VLCC crude oil tankers. The total contract price (tax included) was RMB 3.793 billion.


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