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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.
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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.
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