Cosco Shipping Energy unveils massive VLCC expansion
AI Summary
Chinese firm Cosco Shipping Energy plans a major expansion of its very large crude carrier fleet, ordering 10 new VLCCs and arranging bareboat charters for another 14. The move will increase its capacity to transport crude oil by sea.
The Chinese firm locks in 10 new VLCCs and secures bareboat charter for another 14
Deals Commodities Energy Shipping Cosco Shipping Energy VLCC crude oil fleet expansion bareboat charter tanker shipping