Chinese tanker giant Cosco Shipping Energy Transportation (CSET) has unveiled plans to launch a VLCC pool and build dual-fuelled VLCCs, according to local media outlets.
In its annual meeting with clients, the tanker arm of state conglomerate China Cosco Shipping reportedly announced it had established a VLCC department as an initial step to launch a VLCC pool.
The project fits the company's aim to expand shipping capacity, enhance profitability and have a greater impact on the shipping industry.
