Chambal, Hyundai Sign Shipbuilding Contract
Chambal Fertilisers & Chemicals Ltd. has signed a shipbuilding contract with South Korea's Hyundai Heavy Industries Company Ltd. The contracts are for two Aframax tankers. Hyundai, the world's biggest shipbuilder, is expected to deliver one in the last quarter of 2008, and the other in the first quarter of 2009, Reuters India reported. (Source: Reuters India)
Chambal Signs Contract with Hyundai Unit
Reports indicate that Chambal Fertilisers & Chemicals Ltd. said on Wednesday it has signed a shipbuilding contract with South Korea's Hyundai Heavy Industries Company Ltd. The contracts are for two Aframax tankers. Hyundai is expected to deliver one in the last quarter of 2008, and the other in the first quarter of 2009, the company said. Shares of Chambal Fertilisers were up over 2 percent to 40.60 rupees in a flat Mumbai market.
New Crude Carrier Delivered
The Ras Laffan, a new Aframax double-hull crude carrier, was delivered to QM Tanker Co., LLC, a joint venture company owned 50/50 by Mobil Shipping and Transportation Company (MOSAT) and Qatar Shipping Company. The vessel was built by Hyundai Heavy Industries Company Ltd. "We are pleased to add this new tanker to Mobil's service," said Gerhard Kurz, MOSAT president. "We look forward to this partnership with Mobil and the long-term success of the new joint venture company," said Abdulaziz Salatt, director of Qatar Shipping Company and sponsor of the Ras Laffan. The 105,775 dwt Ras Laffan is 800 ft. (244 m) long, 138 ft. (42 m) wide and can carry a cargo of 755,000 barrels of crude oil. The ship will be in service worldwide.
