US EditionFormosa Plastics contracts product tanker newbuilds in China
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Formosa Plastics contracts product tanker newbuilds in China
Formosa Plastics Marine Corporation (FPMC) is bolstering its product tanker fleet by commissioning four MR newbuilds from a Chinese shipyard. The shipping unit of Taiwan’s Formosa Plastics Group has contracted CSSC Guangzhou Shipyard International (GSI) for the 50,000 dwt units, paying around $48m per vessel. The tankers will, according to shipbuilding sources, be conventionally fuelled, …
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