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Asia Pacific Tankers and Gas Shipbuilding

CSSC in VLCC joint venture with Rongsheng Petrochemical

The partners agree to ‘forge a rather large VLCC fleet’, which will serve a significant refining-chemical integration facility in Zhoushan, with an annual processing capacity of 40m tonnes of crude oil

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A market downturn and lack of appetite for orders by traditional shipowners prompts the Chinese shipbuilding giant to establish ties with cargo interests. Brokers predict demand from the processing facility could spark demand for up to 30 very large crude carriers

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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