Greater China

CMES to purchase 12 handymaxes

Shanghai: China Merchants Energy Shipping (CMES) today announced that the board has approved the proposal of purchasing 12 handymax bulk carriers in order to optimize its bulker fleet. In the meatime, the board also approved to dispose of 5 old oil tankers in the fleet.

CMES yesterday announced a net loss of RMB138m for the first half of this year, compared to a RMB827m in the same period last year [28/08/13]

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