Exciting developments at COSCO Shipping Energy (CSET)! CSET’s Board approved a strategic investment in six 307,000 DWT VLCCs, to be built by Dalian Shipbuilding Industry Company (DSIC) and China Shipbuilding Trading Company for a total of RMB 5.748 billion. This major step aims to expand their tanker fleet and meet the increasing demand for energy transport across global markets, reports Xindemarine News.
CSET
But that’s not all—CSET also approved an acquisition loan to integrate its chemical logistics chain, underscoring its commitment to enhancing supply chain efficiency. This loan, up to RMB 630 million, will help drive further growth in the chemical logistics space.
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Source: Xindemarine
