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China's Tianjin Southwest Maritime (TSW) has continued its fleet expansion with an order for two VLGCs. No delivery date was given. "With the signing of this contract, Jiangnan Shipyard has strengthened its position as a leader on ship restructuring and development in the domestic market, and further extends its influence on an international level," the statement said. Last month, TradeWinds reported that Guangzhou-based TSW teamed up with Chinese LPG importer and distributor Jovo Group to buy the 78,000-cbm Reference Point (built 1991). The price of the ship has not been disclosed but online platform VesselsValue.com estimates it to be worth $22.3m. |