Broström and Rigel Declare Options for Further Newbuildings

Monday, June 30, 2003
In May 2002 Broström and Rigel Schiffahrts GmbH announced the order for two IMO II 37,300 dwt product and chemical tankers each at the Chinese shipyard Jinling. The four vessels are due for delivery during a period from later this year through the second quarter 2005. Broström and Rigel have now both declared their options to extend their orders with another identical vessel each, bringing the total up to six ordered vessels. The additional vessels are due for delivery during the second quarter of 2005. Options for further one vessel each at the same shipyard have been secured by Broström and Rigel. Broström intends to finance its vessels under the French tax lease system and eventually have holding of at least 25 percent of the capital investment. The vessels are designed for the European distribution trade in which Broström has been active for many years. This particular trade is very intense with relatively short voyages and frequent port calls. Requirements are therefore extremely high as to technical operational efficiency and reliability in the offered services. "Since the original order was placed one year ago, we have been further encouraged by our customers to expand our activities in this specific market segment. Demand for quality and safety in product tanker shipping is increasing", says Lennart Simonsson, CEO of Broström.
Maritime Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

MARAD Shipbuilding Loan Guarantee

The launch of the Bravante IX, built in a U.S. shipyard, was from the investments made by the Maritime Administration (MARAD) just three years ago. The investment

BCG Releases PCVM Emulation

Buffalo Computer Graphics (BCG) Inc. announced the addition of another emulation product to its family of Radar Simulators. BCG has completed an emulation of the VisionMaster FT radar – our PCVM.

Telemar to Supply Broadband for Herm. Dauelsberg

Telemar GmbH, the German subsidiary of the Telemar Group, closed an agreement with Herm. Dauelsberg for the supply of a complete “turn-key solution” for their fleet of 18 vessels.

Finance

A Boost for UK Offshore Drilling? DW Monday Muses

Drilling activity offshore UK is now expected to increase over the next few years as government and industry reacts to the recommendations in Sir Ian Wood’s report

MHI, IHI & DBJ Join Forces On Investments

Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective

Clarksons PLC Perform Strongly in 1H 2014

Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Financial Results Clarksons increased revenues by 25% to £111.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0839 sec (12 req/sec)