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China Merchants sells chemical tanker trio and orders MPP quartet

Shanghai Ming Wah Shipping, a wholly owned subsidiary of China Merchants Group, has announced a plan to sell three 6,300 dwt small chemical tankers to Sinopec Fuel Oil.

The total price for the 2013-built vessels Amazona, Armonia, Kappasea, is $15m.

Ming Wah consideres the vessel as non-core assets of the company, and intends to focus on the dry bulk business.

In the meantime, Hong Kong Ming Wah Shipping has approved a plan to order four 62,000 dwt multi-purpose vessels at China Merchants-affilated Jinling Shipyard for a total price of $118.7m. Deliveries are scheduled for 2022.

Shanghai Ming Wah Shipping, formerly Shanghai Changhang Shipping, is the second largest specialised vessel operator in China with a fleet of 50 vessels including bulk carriers, multi-purpose vessels, heavy lift vessels and woodchip carriers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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