API Marine wins a contracts for supply of complete Monitoring and Control Systems for a series of new buildings in China, and as such expanding its presence and activities in the Asian marine markets.

API Marine has signed a new contract with Nantong Tongbao Shipyard for 4 (4+2+2 Options) new buildings of chemical and product tankers, for supply of Cargo Tank Monitoring system, High level / Overfill Alarm system, Remote Sounding System, Valve Remote Control System, and Loading Computers.

Owner of the series of vessels is Dingheng Shipping, China, who owns and operates a series of chemical and product tanker vessels. The contract has been won in close corporation with API Marines partner in China, Greenship Co., Ltd. in Shanghai.