Motia Continues Product Tanker Expansion

Wednesday, November 16, 2005
Motia Compagnia di Navigazione has continued its expansion of modern product carrier tonnage with the delivery of the 29,000 dwt Elisa from STX Shipbuilding, Korea. The third of a series of four sister ships from the same yard building for Motia, the Elisa is an IMO II Product/Chemical Carrier and it will enter employment in the Handytankers Pool. Antonio Zacchello, managing director of Motia Compagnia di Navigazione, says, "This vessel is part of our continued expansion into ultra-modern and very high quality product carriers. It is a versatile, economic and environmentally friendly vessel and the sister ships we already employ are providing good service to demanding charterers in the current strong market for product tankers. We are especially proud to be among the handful of tanker owners worldwide who have opted for the voluntary Green Star notation, which demonstrates our commitment to going beyond compliance when it comes to keeping our air and seas clean." Built to dual RINA/ABS class, the Elisa will fly the Italian flag and will carry Italian crew. Class notations are: C+, Oil / Chemical Tanker, ESP, STAR HULL NB, +AUT-CCS, VCS, Green Star (Clean Air & Clean Sea).

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