Formosa Plastics sells another handy tanker

Formosa Plastics sells another handy tanker

Taiwanese conglomerate Formosa Plastics has shaved another handysize tanker from its fleet.
 
So far this year the active outfit has let go of a tanker  for each month of 2019 and September is no different.This week it sold the nine-year-old, 46,829 dwt Chinese-built FPMC 18 to compatriot Winson Group for $11m. 
 
Simultaneously to selling a slew of handysize tankers, Formosa Plastics has taken delivery of four similar sized tankers this year while two more will be delivered next year, leaving Formosa  with 15 ships in the this segment.
Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

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