China Shipping Development, the country’s largest oil and coal shipper, is aggressively expanding its fleet size to transport oil by spending US$244 million to build five vessels, Hong Kong’s The Standard reported. The company’s board has agreed to build a 298,000-tonne crude carrier for US$100 million and four 52,000-tonne oil tankers for US$144 million,…
CHINA: China Shipping to invest US$244m in five new oil tankers
Posted on January 7, 2005 by EnergyAsia