Gao Yanming-controlled Hebei Ocean Shipping Co (Hosco) is circulating almost all of its tanker fleet — three modern VLCCs and a suezmax — for sale in the latest of a series of cash-raising moves.
The bareboated suezmax does not technically belong to Hosco but to Ship Finance International (SFI) but the Chinese operator holds a purchase option on it and hopes to find an offer above the sale price.
SALE
