Saturday, July 17, 2010 6:20 pm, Posted by 0 | General shipping, World shipping

CPC Corporation to set up oil shipping venture

Reuters reported that Taiwan’s CPC Corporation will join private firms U Ming Marine and Chinese Maritime Transport to set up an oil shipping venture with a total investment of TWD 29.7 billion.

State owned CPC said in a statement that it will have 48% of the venture, which will either order its first ship or buy one by end of this year.

Source: reuters (Tuesday, 13 Jul 2010)

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