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Foreign Subsidiary News

02 Feb 2010

Viking Celebrates 50 Years

Photo courtesy Martin Flory Group

Viking Life-Saving Equipment announced the company's 50th Anniversary, as well as the 50th Anniversary of its chairman of the board Tage Sørensen on February 1, 2010. The company's international expansion was launched in 1977 with the establishment of a foreign subsidiary in Rotterdam. Today Viking Life-Saving Equipment has 52 sales and service facilities and more than 270 certified servicing stations. Viking is also the story of the Sørensen family. A family, who for generations has made its mark on the town of Esbjerg…

13 Sep 2007

Algoma Orders Tankers in China

Algoma Central Corp., through a wholly-owned subsidiary, has entered into an agreement with the Jiangxi Jiangzhou Union Shipbuilding Co., Ltd. located in Jiangxi, China to construct three double-hulled, IMO II, petroleum product tankers. Deliveries of these three 16,500 DWT vessels are scheduled to commence in late 2010 with completion in early 2011 and they are expected to cost pproximately $91m in total. These vessels will be operated and employed jointly with Bernhard Schulte, Sloman Neptun and Intrepid Shipping who have ordered a series of sister ships from the same shipyard. Trading areas for the ships are expected to be focused in Europe, the Mediterranean and Asia. Corporation within the global shipping industry.

29 Jun 2006

Nepline to Purchase Tankers

Nepline is actively sourcing for suitable double-hulled tankers for acquisition in order to improve its revenue. The foreign subsidiary, Nepline (Singapore) Pte, has sealed a $12m shipbuilding contract for the construction of one (with an option to construct another one) 7,000 deadweight tonnes double-hulled product oil tanker from China. Source: Bernama