China VLCC Offloads Second-Hand Duo

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>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >