Greater ChinaTankers

Another tanker trio put up for sale by Formosa Plastics

Taiwanese conglomerate Formosa Plastics fleet clear-out continues. Just before Easter, the outfit let go of its oldest VLCC, while this week its has put three of its oldest handysize tankers in the shop window.

The handysize segment is where the world’s sixth largest chemical producer by chemical sales has most ships, counting 17 vessels. Formosa Plastics is now seeking bids for the 50,000 dwt FPMC 20 and FPMC 21, both ten-year-old ships, while a third one year younger vessel, FPMC 22, is also for sale. The trio are being replaced with four ships that are hitting the water this year, of which two are already delivered.

Formosa Plastics also sold two similar aged ships in this segment at the end of last year.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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