Navigazione Montanari Orders Two Ships

Friday, February 02, 2001

Italy’s Navigazione Montanari SpA has reportedly ordered a pair of petrochemical carriers from Hyundai for $25 million, for delivery in 2002 and 2003. Montanari also said it will scrap a tanker called Valchiara. Montanari is said to be financing the new ships using a mixture of cash and bank.

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