Hong Kong: Tai Chong Cheang Steamship Co. (H.K.) Ltd. announced the contract signing of two 180,000 deadweight tons capesize bulk carriers to be built at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).
Delivery of the two vessels to "TCC" is scheduled during the 2nd and 4th quarters of 2011 respectively.The two vessels will be flying the HKSAR flag which brings the total number of Hong Kong registered vessels in TCC's fleet to 9 totaling an aggregate deadweight tonnage of 1.5 million tons. The two vessels will be built up to the classification standards of the American Bureau of Shipping (ABS) and is compliant with not only the latest maritime regulatory codes but will also carry the "Green Passport" notation of ABS meaning the vessel shall comply with ship scrapping convention codes and not be constructed with hazardous materials which will constitute an environmental threat. TCC Group Chairman and Chief Executive Officer Kenneth Koo remarked that the signing of these two vessels reflected not only the continued commitment to renew and bolster its core fleet of capesize bulk carriers, which presently totals 9, but also demonstrated TCC's long term strategy to own and manage a fleet of modern vessels with an average vessel age not exceeding five years of age. The two vessels also represents the 5th and 6th vessels that TCC has contracted with DSME since 2001. TCC owns and manages a fleet of modern bulk carriers and oil tankers, comprising of capesize and panamax bulk carriers as well as aframax and VLCC oil tankers, numbering 14 vessels and aggregating a total deadweight tonnage of almost 2.5 million tons.
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