TORM Orders Tanker from China

Thursday, February 26, 2004
A/S Steamship Co TORM signed a contract with Dalian New Shipbuilding Ltd. in the People's Republic of China for construction of one high-specification 110,000 dwt Aframax (LR2) product tanker. This order is based on an option granted when TORM placed an order for two vessels in October 2003. In addition, TORM has also signed a contract to acquire the 1995-built MR product tanker TORM ALICE from Rederi AB Gotland. The newly constructed vessel is due to be delivered during the first quarter of 2008 and represents the latest addition to the substantial newbuilding program initiated in 1999. The six remaining newbuildings will be delivered in 2004-8 and represent an investment of more than USD 200 million. TORM ALICE, which is trading in the Company's MR pool, was owned by TORM until 2002 and will be delivered today, February 18, 2004. The two transactions underline the Company's commitment to a strategy based on owning and operating, in cooperation with its pool partners, a product tanker fleet among the most modern and technologically advanced in the world and aimed at offering customers the capacity, flexibility and quality required.
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Passenger Vessels

MSC Magnifica Completes Drydocking at Damen Shiprepair

After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for

Glosten Designing Vigor’s Alaska Class Ferries

Glosten using Nupas-Cadmatic software for Vigor’s Alaska Class Ferry project   Seattle-based naval architecture consultancy Glosten has joined the list of North

Norwegian Buys Ship from Princess Cruises

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0857 sec (12 req/sec)