Rongsheng signs with China Shipbuilding Group to develop fleet of up to 30 VLCCs

Chinese private petrochemical group Zhejiang Rongsheng Holding has entered into a framework of agreement with China Shipbuilding Group to build a VLCC fleet. Under the agreement, Rongsheng will set up a joint venture with CSSC Shipping and order VLCCs with China Shipbuilding Group. The ships will be used for oil transportation from the Middle East …

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