CMES invests in ICBC’s valemax fleet

China Merchants Energy Shipping (CMES) has penned a deal to invest $381.9m to purchase a 30% stake in ICBC Financial Leasing’s VLOC Maritime Holdings.

CMES Injects USD 382 Mn in ICBC’s Valemax Owner

Shanghai-listed China Merchants Energy Shipping (CMES) is investing USD 381.9 million in Marshall Islands-incorporated VLOC Maritime Holdings Limited, a company controlled by ICBC Financial Leasing Co., Ltd, specializing in VLOC ownership.

CMES seals $76m VLCC charters, scraps six elderly bulkers

China Merchants Energy Shipping (CMES) has penned time charter deals with the subsidiaries of BP and Taiwan’s CPC to provide one VLCC each, and disposed of six elderly bulk carriers. ...

CMES orders six VLCCs at Dalian Shipbuilding Industry

China Merchant Energy Shipping (CMES) has announced that it has signed shipbuilding contracts with CSIC-affiliated ...

CMES inks four VLCC newbuilds

China Merchants Energy Shipping has fixed four of its planned 10 VLCC newbuilds. CMES has placed two ships a...

CMES approves plan to order 10 valemaxes

The board of China Merchants Energy Shipping (CMES) has approved plans to order 10 VLOCs on the back of a charter deal with Brazil’s mining giant Vale. ...

CMES seals COA deal with Vale

China Merchants Energy Shipping (CMES) has signed a 20-year contract of affreightment (COA) with Brazilian ming giant Vale through its subsidiary Hong Kong Ming Hah Shipping.