China Yard Wins Order for 10 + 10 Tankers

 China Rongsheng Heavy Industries Group Holdings Ltd, the country's largest non-state-owned shipbuilder, reportedly received orders for 10 Suezmax tankers, with an option for another 10, according to a Reuters report. Rongsheng received orders for ten 157,000-DWT Suezmax tankers and options to build another 10 from a company called Global Union Shipping Ltd, Rongsheng said in a statement. The vessels will be delivered between the end of 2013 and 2014, it said, adding that the order cemented the firm's position as the largest Suezmax shipbuilder in China and the second largest in the world.