Second in Hellespont Product Series Named

Wednesday, August 16, 2006
The second in the series of six panamax product carriers under construction for Hellespont Hammonia was named at New Century Shipbuilding Co Ltd (NCS) in Jingjiang, China. Hellespont Progress follows the first in the series, Hellespont Pride, named in July. The sponsor of the Hellespont Progress was M Matsui, wife of the President and CEO of The Sanko Steamship Co. Ltd, Tokyo, Japan, charterers of the vessel. The ceremony was attended by representatives of HCI Capital AG and their placement partners EFC AG, the lending bank Hypovereinsbank, Hamburg shipowner Peter Doehle Schiffahrts-KG, and the classification society, ABS. The 73,400 dwt Hellespont Progress is 750 ft. (228.6 m) and is 38,000 grt on a scantling draft of 46.9 ft. (14.3 m.) Its cargo capacity is 85,300 cubic metres and is powered by a MAN B&W 5S60MC-C main engine with an output of 13,830 bhp at 101.4 rpm. The vessel will be registered in the Marshall Islands.

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