Cosco tanker arm contributes to three newbuild Arc7 LNG carriers
Cosco Shipping Energy Transport will set up a SPV to acquire a 50% stake in the three single-ship entities established by MOL to build the tankers. The parties have previously teamed up on a series of LNG tankers
Meanwhile, Chinese tanker owner expects to see a surge in net profits for 2020, despite the Yuan840.9m ($130m) impairment provisions made for 10 aged oil tankers