Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

China VLCC sells two VLCCs for $133m

China VLCC sells two VLCCs for $133m
Joint venture firm China VLCC will sell two secondhand VLCCs to two Marshall Island-registered companies, Tilos Shipping Corporation and Delos Shipping Corporation, at a total price of $133m.

The two VLCCs are six and seven years old respectively, according to a stock filing announcement made by China Merchants Energy Shipping (CMES), which owns 51% stake in China VLCC.

The remaining 49% stake in China VLCC is owned by Sinotrans & CSC Group.

China VLCC operates a fleet of around 30 VLCCs since it was established in September last year.

TAGS: Tankers VLCC