Bergesen Orders Ore Carrier From Daewoo

Bergesen d.y. Group ASA ordered a 175,000 dwt reinforced ore carrier from Daewoo Heavy Industries Ltd. for $42 million, with an option for an additional ship. Forty percent of the contract price will be paid during building and 60 percent on delivery on the vessel, which is scheduled for October 2001. Bergesen's fleet current includes six drybulk vessels between 173,000 and 365,000 dwt.