Two Cosco VLCCs join Navig8 VL8 pool

Two Cosco VLCCs join Navig8 VL8 pool

Two VLCCs from Cosco Shipping Energy Transportation (CEST) are set to join the Navig8 VL8 pool.

The 2014-built 322,860dwt Xin Lian Yang will be delivered to the pool later this month, with a second modern unit to be delivered during November.

“We are extremely excited to have received CSET’s commitment and welcome CSET as a partner,” said Jason Klopfer, managing director of Navig8.

The two vessels are the first Cosco VLCCs to join the VL8 pool and will increase the pool’s number of committed vessels to 24.

The VL8 pool currently has three Chinese VLCCs, all from Shandong Landbridge Group.

CSET currently runs a fleet of 124 tankers including 42 VLCCs.

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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