China VLCC Offloads Second-Hand Duo

Image Courtesy: CMES

China VLCC, a joint venture company between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, has signed contracts to sell two second-hand very large crude carriers (VLCCs).

The VLCCs are 6 and 7 years old, featuring 297,600 tons in DWT dwt and they will be sold for USD 117.5 million.

The undisclosed purchaser is said to be registered in Marshall Islands, CMES revealed in a stock exchange filing.

The entry into force of the agreement is still subject to the board of directors’ approval of both companies.

Separately, China VLCC has taken delivery of a new vessel on May 19th, the VLCC New Constant in Dalian, China from Dalian Shipbuilding Industries.

With the recent fleet addition, China VLCC has operations in 36 VLCC tankers and orders for 17 more ships.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Green Ship Technology North America

Survival of the fittest in maritime: Make smart investments, ensure you are compliant, future proof your fleet…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >

3RD ANNUAL GENERAL AVERAGE SEMINAR

ATTEND THIS SEMINAR TO:
– Get up to speed on the revisions to the York-Antwerp Rules 2016…

read more >