[China State Shipbuilding: A wholly-owned subsidiary signed a construction contract for 20 VLCC crude oil tankers, with a total value of approximately 17.2 billion yuan] On November 11, China State Shipbuilding (600150.SH) announced that the company’s wholly-owned subsidiary Dalian Shipbuilding and China Shipbuilding Trading signed a construction contract for a total of 20 307,000-ton VLCC crude oil tankers with Hainan Marine Energy, a subsidiary of COSCO SHIPPING Energy, and Orient Fuli, a subsidiary of COSCO SHIPPING. Among them, the contract value of Hainan Hainan's 4 ships is 3.793 billion yuan (tax included), and the contract value of 16 Dongfang Fuli is 13.425 billion yuan (tax excluded). The orders will be delivered one after another from 2029 to 2030.