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|  | | CSD build four more oil tankers |
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ĦĦĦĦSep. 11th, China Shipping Development Co. Ltd (CSD) announced that on Sept. 10th in Dalian its subsidiary - China Shipping Development (Hong Kong) Shipping Co. Ltd. - has agreed with Dalian Shipbuilding Industry Co., Ltd. to have 4 more 76,000-dwt product oil/crude oil tankers built, valuing totally USD 228 million. Based on the shipbuilding progress, every individual payment will be settled in 5 installments with 20% each. The funds are to be raised independently 20% while 80% through bank loans.
ĦĦĦĦIt is reported that the 4 new tankers will be delivered respectively in July, October, November and December 2011. As is indicated in the announcement, by 30th June, CSD has in possession a total of 56 oil tankers at 3.58 million dwt, of which 31 are crude oil tankers with 2,583,587 tons of capacity; while capacity for the other 25 product oil tankers mounts to 996,052 tons. |
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