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Dalian New Shipbuilding Ltd News

21 Oct 2003

A/S Dampskibsselskabet TORM Orders Two More Newbuildings

Dampskibsselskabet TORM (TORM) a shipping company specializing in the worldwide commercial operation of a fleet of tankers and bulk carriers, has signed a contract with Dalian New Shipbuilding Ltd. in the People's Republic of China for construction of two high specification 110,000 dwt Aframax (LR2) product tankers. This order is based on the two options granted when TORM placed the initial order for two vessels in June 2003. TORM has an option for a further two vessels. The two vessels are due to be delivered in 1st and 2nd quarter 2007, and represent the latest additions to the substantial newbuilding program initiated in 1999. The seven remaining newbuildings will be delivered in 2003-7 and represent an investment of more than $250 million.

01 Dec 2003

Tankers to Get Sulzer RT-flex Engines

The Sulzer RT-flex engines with the new common-rail technology for fuel injection and valve operation are proving to be popular with shipowners resulting in a steady intake of confirmed orders. The most recent newbuildings to be equipped with Sulzer RT-flex engines are four 110,000 tdw Aframax product tankers contracted at Dalian New Shipbuilding Ltd in the People's Republic of China by the Danish owner A/S Dampskibsselskabet Torm. The ships are for delivery between the first quarter 2006 and the second quarter 2007. The tankers will each be propelled by a Sulzer 7RT-flex58T-B low-speed engine of 14,875 kW (20,230 bhp) maximum continuous output at 105 rev/min. The four engines will be built under licence from Wärtsilä Corporation by Dalian Marine Diesel Works in China.

26 Feb 2004

TORM Orders Tanker from China

A/S Steamship Co TORM signed a contract with Dalian New Shipbuilding Ltd. in the People's Republic of China for construction of one high-specification 110,000 dwt Aframax (LR2) product tanker. This order is based on an option granted when TORM placed an order for two vessels in October 2003. In addition, TORM has also signed a contract to acquire the 1995-built MR product tanker TORM ALICE from Rederi AB Gotland. The newly constructed vessel is due to be delivered during the first quarter of 2008 and represents the latest addition to the substantial newbuilding program initiated in 1999. The six remaining newbuildings will be delivered in 2004-8 and represent an investment of more than USD 200 million.