Sinotrans Shipping Ltd says one of its units is to sell a crude oil carrier for US$36.8 million, as the company disposes of tankers that won't be allowed into China's ports or offshore terminals after 2010.
The company will make a gain on disposal of US$15.6 million from Marine Harvest Shipping Ltd's sale of the single hull tanker to Lotus
Company SA, Sinotrans said in a statement to the Hong Kong stock exchange.
(Shanghai Daily July 21, 2008)
