One of the biggest tanker owners in China, Nanjing Tanker Corporation (NJTC), has signed a 2011 chemical water transportation COA with Fujian Refining & Petrochemical Company (FREP) this week. According to the contract, the Fujian company will provide some 300,000 tons of chemical products to Nanjing Tanker.
FREP is a large-scale petrochemical enterprise jointly invested by Fujian Petrochemical Company Limited (FPCL), ExxonMobil China Petroleum & Petrochemical Company Limited (EMCP&P) and Saudi Aramco Sino Company Limited (SASC). FREP commenced its formal operation in June 2007.
Nanjing Tanker owns China's largest chemical tanker fleet. In 2010, nearly all of its chemical tankers were deployed for COA business.
FREP is a large-scale petrochemical enterprise jointly invested by Fujian Petrochemical Company Limited (FPCL), ExxonMobil China Petroleum & Petrochemical Company Limited (EMCP&P) and Saudi Aramco Sino Company Limited (SASC). FREP commenced its formal operation in June 2007.
Nanjing Tanker owns China's largest chemical tanker fleet. In 2010, nearly all of its chemical tankers were deployed for COA business.