Strong Petrochemical Holding Ltd. has recently announced than its subsidiary company Gunehr Shipping has signed MOA to sale one oil storage vessel. The contracted price is said to be $15.45m and scheduled to be delivered by the end of this March.
The vessel is single-hull tanker for floating oil storage and oil transportation. Strong Petrochemical will lose $1.24m by offloading the vessel but the sales outcome of $14.8m cash will provide operation capital for its later investment opportunities or purchase activities.