Greater ChinaTankers

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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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