CMES sells tanker for scrap

CMES sells tanker for scrap

China Merchants Energy Shipping (CMES) has announced that it has sold a 106,100dwt oil tanker to Xinhui Shuangshui Shipbreaking & Steel for scrap.

The 18 year old aframax vessel New Alliance, was built in Japan’s Namura Shipbuilding in 1998.

The sale price is RMB20.68m ($3.13m).

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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