COSCO moves for six tanker newbuilds

COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company said in a filing. The newbuilding project, …