Yuhua Energy acquires secondhand chemical tanker

Yuhua Energy acquires secondhand chemical tanker

Hong Kong-listed Yuhua Energy has entered into an agreement with Great Lakes Shipping Maritime for the acquisition of a chemical tanker for $5.8m.

The 1997-built tanker Zhu Min Victoria will be delivered to Yuahua Energy before December 1.

Yuhua Energy said it has been monitoring and constantly reviewing the current market conditions of shipping and is ready to establish the group’s own fleet when necessary and newly acquired vessel will provide transportation services for the group to carry out international businesses.

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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