Essar Sings Deals for Bulkers from STX

Tuesday, December 11, 2007

Shares of Essar Shipping were up on reports that Essar Shipping & Logistics signed a deal to build six bulk carrier at STX (Dalian) Shipbuilding in China, according to a report on http://economictimes.indiatimes.comThe estimated cost of each vessel is $65 million, making it a $390-million deal.

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