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|  | | CSC Tanker signs a second 100-million oil contract of affreightment |
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¡¡¡¡Following the last charter contract of affreightment on petrochemical products with Shanghai Yingtai Petrochemical Co., Ltd. in May, CSC Tanker recently has signed a second 2008 contracts of affreightment on product oil with SINOPEC North China Branch. It is reported that this is one more contract of affreightment to make 100-million-plus income for CSC Tanker.
¡¡¡¡As is stipulates from July 1st to 31st Dec. 2008, SINOPEC North China Branch will be annually providing CSC Tanker with product oil workload equivalent to 5 to 7 voyages of MR Vessels, i.e. the total amount of not less than 1 million tons. Predictably, CSC Tanker will earn approx. RMB 100 million during the contract duration.
¡¡¡¡It is reported that in May this year, MR vessel of CSC Tanker has successfully entered the Qingdao Oil Refinery Project, loading the first boat of product oil.
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