Chinese acrylics producer Zhejiang Satellite Petrochemical (STL) has no intention of owning the six very large ethane carriers (VLEC) it ordered last week from South Korea's biggest yards.
The company is trying to generate publicity from the orders to attract new shipowners to the CNY 5bn ($745m) project after the deal with its first partner, Delos Shipping, fell through.
At this moment, every big shipowner can talk to us if they have good qualifications and good financing
Li Yuehua
Financial reputation vital
"At this moment, every big shipowner can talk to us if they have good qualifications and good financing," said Li Yuehua, general manager of purchasing at STL.
