Cosco Shipping Energy Transportation to bid for LPG tanker

Cosco Shipping Energy Transportation to bid for LPG tanker

Cosco Shipping Energy Transportation, the energy shipping unit of Chinese shipping conglomerate China Cosco Shipping, has announced that the board has approved it subsidiary, Shenzhen Cosco LPG Shipping, to join the bidding for a second hand LPG vessel.

Hua Nan 3, which is owned by Shenzhen Southern China LPG, is currently listed on Chongqing United Equity Exchange.

The starting price for the bidding is RMB36.15m (5.2m).

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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