Cosco Shipping Energy Transportation looks to buy secondhand LPG carrier

Cosco Shipping Energy Transportation (CSET) has announced an intention to purchase a secondhand LPG carrier priced at RMB36.16m ($5.21m).

Shanghai and Hong Kong-listed CSET said the vessel acquisition bid will be made via its subsidiary Shenzhen Cosco LPG Shipping.

The LPG carrier is the China-flagged, 2011-built Hua Nan 3 of 3,218-dwt in capacity and classed by China Classification Society (CCS).

CSET is the LNG and oil tankers operating arm of China Cosco Shipping Corporation (Cosco Shipping), and formerly known as China Shipping Development Co (CSDC).

Posted 10 January 2017

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Asia Correspondent Lee Hong Liang has joined Seatrade as its Asia Correspondent. Based in Singapore, he will provide a significant boost to daily coverage of the Asian shipping markets, as well as bring with him an indepth, specialist knowledge of the bunkering markets. Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and the ability to write hard news and feature stories.

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