Cosco Shipping secures tanker contract from China Marine Bunker

Cosco Shipping secures tanker contract from China Marine Bunker

Cosco Shipping Energy Transportation has announced that its subsidiary Dalian Tanker has entered into a vessel charter contract with China Marine Bunker.

Under the contract, Dalian Tanker will charter an aframax product tanker to China Marine Bunker for a period of three months, and the latter has an option to shorten or extend the period by 15 days. The daily rate of the charter cotract is $12,500.

China Marine Bunker is a joint venture between PetroChina and China Cosco Shippingn and currently operates a fleet of 10 bunkering vessels.

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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