B&N Nordsjöfrakt Buys Additional Ships in China

The B&N Nordsjöfrakt shipping group signed an agreement withv the Chinese trading house Xiamen C&D and the Mawei Shipyard covering the delivery of a new vessels for shipments for the forestry and steel industries. The ship will be placed in traffic in the North Atlantic. The new vessel is of the same type as B&N's Norön ship, which was delivered by the same shipyard earlier this year. Delivery is scheduled for the first quarter of 2003. B&N holds an option for an additional ship.