CPC to ramp up supertanker ownership

Taipei: Chinese Petroleum Corp (CPC) of Taiwan is planning boosting its VLCC fleet dramatically.

The energy giant is in talks with both Chinese Maritime and U-Ming Marine Transport about a joint venture which could initially order seven 300,000-dwt VLCCs and one 80,000-dwt tanker. CPC wants to build up a 35-strong VLCC fleet eventually.

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