According to CoinMeta, China Shipbuilding Corporation announced that its wholly-owned subsidiary Dalian Shipbuilding Co., Ltd. has signed construction contracts for a total of 20 307,000-ton VLCC type crude oil tankers with Hainan Haineng, which is under COSCO Shipping Energy, and Dongfang Fuli, which is under COSCO Shipping Development. Four of the vessels for Hainan Haineng will be priced and paid in domestic RMB, with a contract value of 3.793 billion yuan (including taxes), while the 16 vessels for Dongfang Fuli will be priced and paid in cross-border RMB, with a contract value of 13.425 billion yuan (excluding taxes). The delivery of these vessels is scheduled for 2029 to 2030, and the contracts will only become officially effective after all parties have completed the necessary approval procedures.