Shanghai: China Shipping Development (CSD) announced that its fully controlled subsidiary China Shipping Tanker will take part in the bidding for 20% equity of Shanghai Beihai Shipping. The starting price in the bidding is RMB830m.
In the meantime, China Shipping Tanker will order two 65,000dwt oil tankers with one option at a domestic shipyard. CSD said the official agreement will be signed soon. [11/06/14]