China Shipping Energy Transportation (CSET) is to join an auction for a modern LPG carrier.
The CoscoCS tanker arm said in a filing that subsidiary Shenzhen Cosco LPG Shipping will try to buy the 3,700-cbm Hua Nan 3 (built 2011), which is listed as owned by Shenzhen Southern China LPG.
The reserve price is CNY 36.16m ($5.22m).
Hua Nan 3 is currently up for grabs on a state assets auction website.
The
