Greater ChinaTankers

China VLCC seals Dalian deal

Photo of Sam Chambers Sam ChambersFebruary 18, 2015
4 Less than a minute

Shanghai: The tanker joint venture between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, China VLCC, has sealed a two-year deal with Dalian’s West Pacific Petrochemical, a refinery controlled by PetroChina. The contract comes with a possible one year extension. Actual rates will be decided by market levels.

“The signing of the contract will help stabilise the company’s cargo source and build a firmer and better relationship with clients,” China VLCC said.

China VLCC’s fleet now comprises 31 tankers.

Photo of Sam Chambers Sam ChambersFebruary 18, 2015
4 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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