Formosa Plastics prunes tanker fleet

Taiwan’s Formosa Plastics Marine Corporation is back in the secondhand market. It has just sold a 10-year-old ballast water system fitted tanker, the 49,500 dwt FPMC 24, for around $14m. A second ship has also been sold for scrap, a slightly smaller chemical tanker, named Formosa 8, built 25 years ago. Fifty-one ship strong FMPC …

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