Emirates National Oil Co (ENOC) has ended its direct involvement in tanker shipping after selling its two product tankers to Chinese interests.
The Dubai-based oil company’s 46,500-dwt, IMO type 2 MR tankers Falcon Grace and Falcon Victory (both built 1999) are joining the fleet of China’s Zhejiang Changchang Shipping.
While Zhejiang Changchang officials confirmed the deal to TradeWinds, they declined to reveal the price paid for the pair, only saying the $5.8m
