Ocean Tankers Awarded Contract

Monday, July 21, 2008

Following a public Government Tender, the company was awarded the Contract last April 21, for (a)  the study and construction of the necessary infrastructure (SPM, subsea pipeline etc, offshore Limassol) and (b) the transportation of about 8 million cubic meters of potable water from Greece to Cyprus by tankers. The Contract provides for the completion of the work per (a) within four months and per (b) within six months from the contract date, ie a total of ten months.

The company committed a fleet of six tankers for this pioneering project, which have been and are being thoroughly and suitably cleaned to EU specs and standards,  and duly certified for the transportation of potable water by DNV, an IACS Classification Society. These are the first tankers worldwide to be so certified by DNV, for this pioneering work.

The infrastructure at Limassol was completed in record time within 2.5 months instead of 4 months and the first tanker has begun pumping good quality potable water today 16th July 2008 following stringent chemical tests undertaken by the Government of Cyprus. The second tanker is arriving at Limassol with her precious cargo tomorrow morning at 09.00 hours and the other tankers will follow suit on a consecutive basis.

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