Zhenhua Heavy Industries bags bumper contracts

Shanghai-based Zhenhua Heavy Industries bagged two bumper contracts to build a fleet of 128 iron ore barges and one 5,000 dwt heavy-lift salvage vessel.
The Chinese shipyard inked a $114m deal with Brazil-based Girocantex Sociedad Anonima to build 128 iron ore barges due for delivery between this year and 2014.
Zhenhua Heavy Industries also penned a RMB1.58bn ($252.84m) contract to build one 5,000 dwt heavy-lift salvage vessel for Yantai Salvage Bureau of Ministry of Transport. The vessel is slated for delivery in 2015.
Source: Seatrade-Asia