Talks of a Chinese VLCC pool have grown bigger since Cosco Dalian last week confirmed that the company invests in ten new supertankers just as China Shipping Group has stated similar deliberations. However, the rumours have not been confirmed, Lloyd’s List reports.
A Chinese VLCC pool has been discussed several times since the beginning of 2012 when Maersk Tankers initiated the Nova Tankers pool. Furthermore, the alleged Chinese pool was also meant to challenge another competitor, Tankers International. In connection to China Shipping Group’s announcements on possible investments in VLCC newbuildings, CEO Xu Lirong said that the idea of a Chinese VLCC pool was “a strategy promoted by the country” and “a very mature idea in the international market”.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sky-high gas prices put economic pressure on carriers with LNG-powered ships
The price difference on LNG and heavy fuel is historically high, adding pressure on carriers which have banked on LNG as a marine fuel, says analyst. CMA CGM and Hapag-Lloyd have chosen two different approaches with their dual-fuel fleets.
Maersk orders six methanol-prepared container ships
With new commissions of six box vessels, Maersk now has 19 ships on order equipped to sail on green methanol.
DB Schenker: New IMO rules could have "big impact" on carrier capacity in 2023
A large number of the world’s container vessels will be forced to sail slower once the IMO’s CO2 rules come into force next year, DB Schenker executive predicts. The rules will ”result in a big redesign of all our schedules.”
Hapag-Lloyd buys terminal and logistics business for USD 1bn
German container line Hapag-Lloyd has made a deal about taking over South American terminal and logistics business SAAM Ports and SAAM Logistics for a price of USD 1bn.
Ammonia has big potential as shipping fuel – but will require enormous production
Ammonia, which can be environmentally damaging if handled incorrectly, has a very big potential as a future fuel for shipping. An order book will be seen in the market from 2028, forecasts research center.
IT Specialist 
People (HR) Operations Specialist for the offshore wind industry 
Fleet Manager 
Freight and Logistics Officer 
Managing Director - Europe 
Purchase & Logistics Manager based in Copenhagen 
Technical Superintendent 
Student Assistant for Program Management