UAE Group Buys Third Ship From Hitachi

Monday, January 24, 2000

A United Arab Emirates company has reportedly signed a contract with Japan's Hitachi Zosen Corp. to buy a third bulk carrier at a cost of about $22 million. The Dubai-based al-Ghurair group signed deals to purchase two ships from Hitachi last year. The first ship is expected by the end of this year, and the other two will be delivered early in 2002.

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