Fleet Finance Negotiations Continue
Ukraine's Ukrrichflot is reported to be negotiating a new loan to build five ships. The company owns the country's largest fleet, with 68 passenger ships and 248 freighters.
Shipping Company Secures Loan For 7 Ships
Ukraine's largest shipping company Ukrrichflot will reportedly get a $17.12 million loan from the European Bank for Reconstruction and Development to build seven new ships. The EBRD said on its website (www.ebrd.com) the total value of a project aiming to support modernization of the Ukrrichflot fleet and facilitate Ukrainian exports and regional trade was some $45.60 million. The seven ships are planned to be built by 2004. Ukrrichflot owns 200 ships whose average age is about 15 years.
Aker Yards Gets Contract for Multi-Purpose Vessels
Aker Yards in Ukraine (Damen Shipyards Okean) has been awarded a contract for delivery of three multi-purpose vessels by the Ukrainian shipping company JSSC Ukrrichflot. The yard has previously built six vessels in the same series for the company, and an additional three vessels are currently under production. The vessels are expected to be delivered between April and November in 2009. The total value of the contract $33.6m.