(EnergyAsia, May 9, Friday) — Titan Petrochemicals Group Limited, a leading integrated oil logistics provider in Asia, said that it has agreed to sell two of its Very Large Crude Carriers, Titan Leo and Titan Venus, to Avin International SA for a total of US$59 million. “The sales will generate more cash for the Group,”…
CHINA: Titan sells two VLCCs for US$59 million to focus on floating storage business
Posted on May 8, 2008 by EnergyAsia