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Halla Engineering Heavy Industries Limited News

17 Aug 2004

TOP Tankers Takes Third Vessel

TOP Tankers Inc., took delivery of M/T Invincible, a 47,084 Dwt, ice-classed, double-hull Handymax tanker, built in 1992 by Halla Engineering & Heavy Industries Limited of the Republic of Korea. The delivery of the M/T Invincible represents the third of 10 double-hull tankers the company expects to acquire from its current owners from the proceeds of its initial public offering announced on July 23, 2004. This third delivery increases the size of the fleet to 10 tankers, consisting of 2 Suezmax tankers, 5 Handymax tankers, and 3 Handysize tankers. TOP Tankers Inc. is an international provider of worldwide seaborne crude oil and petroleum products transportation services.

23 Aug 2004

TOP Tankers Takes Delivery of Fourth Vessel in Series of Ten

TOP Tankers Inc announced took delivery of M/T Victorious, a 47,084 Dwt, ice-classed, double-hull Handymax tanker, built in 1991 by Halla Engineering & Heavy Industries Limited of the Republic of Korea. As with all the Company's Handymax tankers, the vessel commenced its 2-year profit-sharing employment contract with a major oil trader. The delivery of the M/T Victorious represents the fourth of 10 double-hull tankers the Company expects to acquire using the proceeds of its initial public offering announced on July 23, 2004. This fourth delivery increases the size of the fleet to 11 tankers, consisting of 2 Suezmax tankers, 6 Handymax tankers and 3 Handysize tankers.

26 Aug 2004

TOP Announces Delivery of Sixth in Series of Ten

TOP Tankers Inc, announced that it took delivery of M/T Restless, a 47,084 Dwt, ice-classed, double-hull Handymax tanker, built in 1991 by Halla Engineering & Heavy Industries Limited of the Republic of Korea. As with all the Company's Handymax tankers, the vessel commenced its 2-year profit-sharing employment contract with a major oil trader. The delivery of the M/T Restless represents the sixth of 10 double-hull tankers the Company is acquiring using the proceeds of its initial public offering announced on July 23, 2004. This sixth delivery increases the size of the fleet to 13 tankers, consisting of 2 Suezmax tankers, 8 Handymax tankers and 3 Handysize tankers.