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China Merchants Energy Shipping plans to scrap eight elderly shipsChina Merchants Energy Shipping plans to scrap eight elderly ships

China Merchants Energy Shipping (CMES) is planning to send eight elderly ships to the scrapyard as part of its ongoing fleet renewal programme.

Lee Hong Liang, Asia Correspondent

March 4, 2015

1 Min Read

Kalyakan - stock.adobe.com

The elderly ships involved are two aframax oil tankers and six dry bulk carriers, all of which operates under Youhua Shipping, a subsidiary of CMES.

CMES has yet to disclose the names and age of the eight ships.

The tanker and bulker Chinese shipowner has been disposing of several elderly vessels in an effort to lower its operating costs and average age of its fleet.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth 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 had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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