Chinese chemical producer Zhejiang Satellite Petrochemical (STL) has confirmed it plans to start active talks with shipowners interested in acquiring its six very large ethane carriers (VLECs) under construction.
In an exchange filing, the Shenzhen-listed company said its board would be seeking authorisation from shareholders to carry out such negotiation in an extraordinary meeting on 14 July.
“We are actively looking for interested shipowners to take over the newbuilding contracts for $717m and period charter the vessels back to us,” the filing said.
