Daewoo To Build ULCCs For Loews Unit
December 20, 1999
Daewoo Heavy Industries has agreed to build two 442,500 dwt, ULCCs for Majestic Shipping Corp., a subsidiary of Loews Corp. Majestic also has options with Daewoo to build two additional vessels.
Another Loews subsidiary, Hellspont Shipping Corp., recently contracted for Samsung Heavy Industries to build three 303,000 ton VLCCs and agreed to an option to build one additional ship.
Delivery of the new vessels from both Korean shipyards is scheduled to begin in the fourth quarter of 2001.
Related News
Silversea Takes Delivery of New Cruise Ship Silver Ray
DFDS to Invest $1.2 Billion in Six Battery Electric Ships
Philippines Sends Ships to Disputed Atoll
Australia Sets Date for End of Live Sheep Exports
US House Panel to Hold Hearing on Baltimore Bridge Collapse