Tokyo: Mitsui O.S.K. Lines has announced an agreement under which M.S. Tanker Shipping Limited, a joint-venture company with China's Sinotrans, will own a newly built double-hulled Malacca-Max type very large crude carrier (VLCC). The 310,000 dwt ship will be built at Mitsui Engineering & Shipbuilding for delivery in the first half of 2008. MOL established M.S. Tanker with Sinotrans in April 2004. M.S. Tanker has taken ownership of one VLCC and has chartered one another from MOL. Both of these ships, which have single hulls, have transported oil mainly from the Persian Gulf to China. [20/07/06]
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