Greater China

Hosco exiting tanker trades

Hong Kong: The focus now for Hebei Ocean Shipping Co (Hosco) is purely on dry bulk as one of China’s top names in shipping is exiting the tanker trades.  The 1995-built Hebei Mountain has been put on sale, likely heading for demolition, something Hosco boss Gao Yanming has championed throughout the downturn. The 307,000 dwt VLCC is the last tanker in the fleet of the Hong Kong-based shipowner. Hosco has been serlling off its tanker fleet for the past two years. Its bulk fleet comprises of 26 ships, of which 17 are capesizes.  [02/05/14]


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