BP Shipping scores 869 million USD Chinese deal

BP Shipping has entered into a huge million dollar agreement to charter 18 tankers to a Chinese company, report Reuters.

BY KATRINE GRØNVALD RAUN

The British shipping group BP Shipping has entered into a major leasing contract with a Chinese company, report Reuters. The Chinese ICBC Financial Leasing will lease 18 tankers from BP Shipping for USD 869 million.

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BP Shipping scores 869 million USD Chinese deal

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs