Minsheng steps up tanker push with $500m VLCC order

Minsheng Financial Leasing has lined up four VLCC newbuildings in China in a deal worth around $500m, extending a rapid run of charter-backed shipping investments by the Chinese lessor. Shipbuilding sources have linked Minsheng to four 319,000 dwt vessels at Jiangsu New Hantong Ship Heavy Industry, priced at around $125m each. The quartet is being … Read full article →