Cosco Shipping Energy Transportation (CSET), one of the world’s largest tanker owners, has ordered two product tankers from an affiliated yard for a price below the normal market level.
In a regulatory filing, Shanghai- and Hong Kong-listed CSET said it signed up for two 49,000-dwt vessels at Cosco Shipping Heavy Industry’s Dalian yard for a total of $67.8m. The ships will be delivered in the second half of 2021.
