Marine Link
Tuesday, September 27, 2016

Broström and Rigel Declare Options for Further Newbuildings

June 30, 2003

In May 2002 Broström and Rigel Schiffahrts GmbH announced the order for two IMO II 37,300 dwt product and chemical tankers each at the Chinese shipyard Jinling. The four vessels are due for delivery during a period from later this year through the second quarter 2005. Broström and Rigel have now both declared their options to extend their orders with another identical vessel each, bringing the total up to six ordered vessels. The additional vessels are due for delivery during the second quarter of 2005. Options for further one vessel each at the same shipyard have been secured by Broström and Rigel. Broström intends to finance its vessels under the French tax lease system and eventually have holding of at least 25 percent of the capital investment. The vessels are designed for the European distribution trade in which Broström has been active for many years. This particular trade is very intense with relatively short voyages and frequent port calls. Requirements are therefore extremely high as to technical operational efficiency and reliability in the offered services. "Since the original order was placed one year ago, we have been further encouraged by our customers to expand our activities in this specific market segment. Demand for quality and safety in product tanker shipping is increasing", says Lennart Simonsson, CEO of Broström.


Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News