The board of directors of AVIC International Maritime Holdings (AVIC Maritime) has announced that it has entered into a contract, as a co-seller, for four RoPax vessels with two plus two options with Stena RoRo, a subsidiary of Swedish ship owner, Stena.
The contract value of each of the vessels is approximately US$80 million. As the vessels are scheduled for deliveries from year 2019 onwards, the contract is not expected to have any material impact on the earnings of AVIC Maritime for the financial year ending 31 December 2016.