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17 September 2021 The on-line newspaper devoted to the world of transports 18:47 GMT+2



April 5, 2001

ACQUISITIONS
China Shipping unit doubles fleet
H share takes 20 tankers from parent

Winston Yau

China Shipping Development (CSD) is to pay 1.04 billion yuan (about HK$974 million) to buy 20 oil tankers from its parent China Shipping (Group) to more than double its existing fleet.

The acquisition is to be funded by a proposed A-share issue.

H share CSD said the acquisition would help it to capitalise on growing demand for oil shipping services. ......
Read more on South China Morning Post



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