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Taiwan's CPC to set up oil shipping venture
 
 
  
 
 Reuters - 1 hour 7 minutes ago
 
 
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TAIPEI, July 12 - Taiwan's CPC Corp will join private firms U-Ming Marine <2606.TW> and Chinese Maritime Transport <2612.TW> to set up an oil shipping venture with a total investment of T$29.7 billion Taiwan dollars .
 
State-owned CPC said in a statement on Monday it will have 48 percent of the venture, which will either order its first ship or buy one by end of this year.
 
 
 
 
   
 
 
 
 
 
 
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