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China Shipping Development seeks purchase of two new oil tankers

China Shipping Development seeks purchase of two new oil tankers
The board of China Shipping Development (CSD) has approved of a plan to purchase two new 65,000 dwt oil tankers.

 

In a brief statement, Shanghai-listed CSD said the newbuilding plan would come with an option for one additional sister vessel.

The oil tankers will be built at a Chinese shipyard.

The state-owned shipping firm said the contract signing for the newbuildings is expected to happen soon.