Economics
Cosco Group May Order Supertankers as Oil Imports Rise
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China Ocean Shipping Group Co., the nation’s biggest ship operator, is considering an order for very large crude carriers as the country’s economic growth spurs oil imports.
The plan is at the “ideas and research” stage, Meng Qinglin, managing director of tanker arm Dalian Ocean Shipping Co., said by text message today. The decision on the order will depend on factors including the company’s internal resources, market demand and costs, he said in a separate message.