Sponsored By

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.

Lee Hong Liang, Asia Correspondent

October 20, 2015

1 Min Read
Kalyakan - stock.adobe.com

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.

Read more about:

VLCC

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.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like