Wednesday, June 27, 2007

China Merchants Energy to Buy Two Oil Tankers for $232 Million From Dalian

(Bloomberg) -- China Merchants Energy Shipping Co.,
the country's largest operator of international oil tankers,
plans to order two supertankers from Dalian Shipbuilding Industry
Co. for $232 million.

The two 300,000-ton very large crude carriers will be
delivered by 2011, the Shanghai-based company said in a statement
to the city's stock exchange today.


Read more at Bloomberg Energy News

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