Shina Shipbuilding Of Korea News

d’Amico International Shipping nnounced that its operating subsidiary d’Amico Tankers (Ireland)  signed a memorandum of agreement for the sale of the MT Cielo di Milano, a 40,081 dwt handy product tanker vessel, built in 2003 by Shina Shipbuilding, South Korea for a consideration of US$ 8.025 million. This transaction allows d’Amico Tankers to generate around US$ 2.4 million in cash, net of commissions and reimbursement of the Vessel’s existing loan, contributing to the liquidity of the international marine transportation company operating in the product tanker market. As of today, DIS’ fleet comprises 57.5 double-hulled product tankers (MR, Handysize and LR1) with an average age of about 7.1 years (of which 26 owned vessels, 27.5 chartered-in vessels and 4 bareboat chartered).

It has been reported that a $301.3m contract for six tankers for National Chemical Carriers (NCC) has been signed in Riyadh. NCC board chairman Faisal Saud Al Saleh signed the contract with Su Eun Yoo, chairman of Shina Shipbuilding of Korea, for building six chemical tankers of 45,000 dwt. The new ships will be delivered in 2009-2010, according to Arab News. Source: Trade Arabia