Greater ChinaTankers

China VLCC offloads two VLCCs

Photo of Jason Jiang Jason JiangMay 20, 2016
8 Less than a minute

China Merchants Energy Shipping’s (CMES) affiliate company China VLCC has signed agreements with two Marshall Island-registered companies, Coral Shipowning and Medal Shipowning, under which China VLCC will sell a 297,600-dwt VLCC to each of the two companies.

The total price for the two vessels is $117.5m.

Additionally, CMES said China VLCC has taken delivery of a newbuild VLCC, New Constant, from DSIC.

China VLCC owns a fleet of 36 VLCCs and has another 17 on order.

Photo of Jason Jiang Jason JiangMay 20, 2016
8 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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