China Shipping Development announced that its subsidiary, China Shipping Development (Hong Kong) Shipping has agreed with Dalian Shipbuilding Industry to have four more 76,000DWT product oil / crude oil tankers built, valuing, in total, US$ 228 million.
Based on the shipbuilding progress, individual payments will be settled in five installments with 20 percent each. 20 percent of the funds are to be raised independently while the remaining 80 percent will be sought through bank loans. It is reported that the four new tankers will be delivered in July, October, November and December 2011. As is indicated in a company statement issued at the end of the financial year in June this year, CSD had in possession a total of 56 oil tankers at 3.58 millionDWT, of which 31 were crude oil tankers with 2,583,587 tonnes of capacity; while capacity for the other 25 product oil tankers amounted to 996,052 tonnes.
Read More
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment