Sunday, September 30, 2007

ABG Shipyard concludes German contract

ABG Shipyard Ltd has informed that the Company concludes the order for construction of 12 Handysize bulk carriers of 35000 DWT.


With this order, Company's aggregate order book now stands at Rs 7121 Crores. The Company and Vogemann were in negotiations for some time through Ship Broking firm M/s Olivier Felter, Germany. This is one of the largest order bagged by ABC and first of its kind from a German Shipping Company. This order was signed on July 03, 2007 and financial closure got concluded now. M/s H Vogemann, established in Hamburg since 1886 currently controls a modern young drybulk fleet of 6 Capsize, 7 Panamax and 6 Handysize vessels and new building order placed on Namura Shipyard, Japan, GSI in China and now with ABG Shipyard in India.


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