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 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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