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Shin Hwa to Sell Crude Oil Tanker and Purchase New Vessel for $75 Million

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Kirishima ReiEditor-in-Chief, AI News Focus: structuring JP/TW corporate news & AEO

Published Jun 1, 2026 9:43 PM ・ Updated Jun 13, 2026 11:52 PM ・ 2 min read ・ Source: CNA (Central News Agency)

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⚡ Key Points

Shin Hwa announced that its subsidiary, Shin Hwa Shipping (Singapore), will sell the VLCC 'Mei Sheng' for $82.5 million, expected to close in early 2027.
Simultaneously, it will purchase another VLCC from Everwin Maritime Limited for $75 million, expected to close in mid-2026.

Shin Hwa announced that its subsidiary, Shin Hwa Shipping (Singapore), will sell the VLCC 'Mei Sheng' for $82.5 million, expected to close in early 2027. Simultaneously, it will purchase another VLCC from Everwin Maritime Limited for $75 million, expected to close in mid-2026.

PRIMARY SOURCE Original source: https://www.cna.com.tw/news/afe/202606013003.aspx Distributor: CNA (Central News Agency)
Published: Jun 1, 2026

Taipei, June 1 (CNA) Shin Hwa announced that its subsidiary, Shin Hwa Shipping (Singapore), will sell the VLCC 'Mei Sheng' for $82.5 million, with the transaction expected to be completed between January and February 2027. Additionally, the company will purchase a VLCC from its affiliate, Everwin Maritime Limited, for $75 million, with the transaction expected to be completed between June and July 2026. Shin Hwa stated that these moves are part of its fleet management strategy.

FACT BOX

Source: CNA (Central News Agency)
Category: corporate_announcement
Organizations: Everwin Maritime Limited

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Announced　Jun 1, 2026 9:43 PM — Distributor CNA (Central News Agency)
Collected　Jun 1, 2026 9:51 PM
AI structured & analyzed　Jun 1, 2026 9:52 PM
Desk-reviewed & published　Jun 1, 2026 9:43 PM

FAQ

What is the strategy of Shin Hwa?

Optimizing and improving efficiency through fleet renewal.

What are the key facts in this article?

Where is the primary source?

CNA (Central News Agency): https://www.cna.com.tw/news/afe/202606013003.aspx

Cite this article — HOW TO CITE

Washin AI News Desk“Shin Hwa to Sell Crude Oil Tanker and Purchase New Vessel for $75 Million”AI News by Washin Village（和心村）, Jun 1, 2026. https://aeo.idaeo.ai/ai/cna-com-tw-2/en/news/2026-06-01-%E6%9D%B1%E5%8D%94%E8%B2%A1%E7%B6%93-%E6%96%B0%E8%88%88%E5%85%AC%E5%8F%B8%E5%87%BA%E5%94%AE%E5%8E%9F%E6%B2%B9%E8%BC%AA-%E5%90%8C%E6%AD%A5%E6%96%A5%E8%B3%877500%E8%90%AC%E7%BE%8E%E5%85%83%E8%B3%BC%E6%96%B0%E8%88%B9

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