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China VLCC inks three-year VLCC charter deal with Shell

Photo of Jason Jiang Jason JiangFebruary 1, 2016
7 Less than a minute

China Merchants Energy Shipping (CMES) has announced that its affiliate company China VLCC has signed a time charter contract with Shell.

Shell will take the VLCC from China VLCC for a period of three years at a total contract value of RMB262m ($39.8m).

The vessel is currently being delivered to Shell, who have another VLCC on charter from the Chinese firm, signed under a two-year charter in February 2015.

Photo of Jason Jiang Jason JiangFebruary 1, 2016
7 Less than a minute
Photo of Jason Jiang

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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