Nanjing Shenghang Shipping has announced a plan to acquire two chemical tankers to further expand its fleet.

The company will use RMB76.5m ($11m) to acquire Yong Sheng Hua 7 from Zhoushan Yongsheng Shipping and spend another RMB79m ($11.4m) to buy Yong Cheng 58 from Zhoushan Yongcheng Shipping.