Shanghai: Sinokor Merchant Marine has pocketed $165m from the sale of two VLCCs to China’s fastest growing supertanker owner. China VLCC, the joint venture between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, now has a fleet of 33 VLCCs following this latest transaction.
The two ships – Beijing Sunrise (2009 built, 321,000 dwt) and Dalian Glory (2011 built, 302,000 dwt) – had been chartered to financially troubled Nanjing Tanker until last year. Nanjing Tanker is a subsidiary of Sinotrans&CSC.
China VLCC was established last September.
