The stalled spin-off of Sinochem International’s chemical tanker and tank container subsidiary appears to be back in motion after the government-approved bidder made a sudden reappearance in Shanghai.
The visit comes at a time when politics is putting limits on the company’s freshly announced newbuilding order for domestic chemical tankers.
Coal billionaire Du Jiangtao’s mid-October visit to Sinochem International came as a surprise to company executives.
