China Shipping unit to pay 290 mln usd for 4 Suezmax crude tankers

March 17, 2005

State-owned China Shipping (Group) Co’s dedicated oil transport arm is close to announcing a 290 mln usd deal for four Suezmax crude tankers from mainland yard Bohai Shipbuilding Heavy Industry, the South China Morning Post reported, citing a source at brokerage Simpson Spence and Young.