Cosco Shipping Energy Joins Bid for LPG Carrier
Cosco Shipping Energy Transportation (CSET) has announced that the board has approved it subsidiary, Shenzhen Cosco LPG Shipping, to join the bidding for a second hand LPG vessel.
Shenzhen Cosco LPG is the energy shipping unit of Chinese shipping conglomerate China Cosco Shipping. The price quoted for the LPG tanker would be $ 5.21mln.
The LPG carrier is the China-flagged, 2011-built Hua Nan 3 of 3,218-dwt in capacity and classed by China Classification Society (CCS). It is owned by Shenzhen Southern China LPG.
CSET operates through Oil Shipment and Dry Bulk Shipment segments. As of June 30, 2016, it operated a fleet of 99 vessels with approximately 14.06 million deadweight tons.
