CLARKSONS HELLAS – SnP WEEKLY
This week, tanker activity has increased compared with the previous few weeks across most segments. VLCC spot rates appear to have established a near-term floor of around $500,000/day, with the global average…
China Merchants tanker arm targets Yangtze fleet renewal
China Merchants-controlled Nanjing Tanker is planning to invest up to RMB191.72m ($28.7m) in ten 4,000 dwt crude oil barges as it moves to upgrade its fleet serving refineries along the Yangtze River. The Shanghai-listed owner has approved the investment through wholly owned subsidiary Nanjing Yangtze River Oil Transport Logistics, with Hunan Jinhang Shipbuilding selected to …
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