Chinese shipowner buys 20 tankers
As part of an attempt to restructure the company, struggling Chinese tanker carrier Nanjing Tankers has purchased 10 VLCC's and 10 MR product tankers.
BY JØRGEN RUDBECK
China's second-largest tank carrier Nanjing Tankers, which suffered a negative result on the bottom line for the third year running, and which looks very likely to be de-listed from the Shanghai Stock Exchange, has performed a unusual move in its attempts to restructure the company.
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