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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Electronics

DARPA All Set To Launch Submarine Hunting Drone

The Defense Advanced Research Projects Agency (DARPA) will launch in April a sleek, 132-foot warship from Portland, OR, testing its abilities over a succeeding period of 18 months.

Update on Seagull Mobile apps for Crew

The Seagull mobile app for crew training status is set to revolutionise the way seafarers track their training records and receive critical safety alerts, by making

Danelec Marine Making Free ECDIS Upgrades

Ships with older Danelec ECDIS models are being upgraded to new hardware and software   Danelec Marine has launched a program to provide free upgrades of shipboard

Finance

Brazil's CEEE to sell stakes in Wind Farms, Dams

Brazil's Companhia Estadual de Energia Elétrica (CEEE), a power utility controlled by the state of Rio Grande do Sul, will sell assets including stakes in wind farms,

DP World Bolsters Investment in India

DP World Pvt. Ltd, the world’s fourth biggest container port operator majority owned by the Dubai government, has plans to invest over $1 billion in India for augmenting its port-related operations.

SunEdison Restrained from 'Unusual' Asset Transfers

Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0625 sec (16 req/sec)