Greater China

CMES to dispose of eight vessels

Photo of Grant Rowles Grant RowlesMarch 3, 2015
3 Less than a minute

Shanghai: China Merchants Engery Shipping (CMES), the state run energy shipping giant, has announced that it has decided to dispose of two old aframax tankers and six aging bulkers from its subsidiary Youhua Shipping, as part of its ongoing fleet optimisation plan.

CMES formed a joint venture China VLCC with Sinotrans&CSC last year and has been adding vessels to the fleet.

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Photo of Grant Rowles Grant RowlesMarch 3, 2015
3 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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