E-ships Orders two LPG Tankers

Emirates Ship Investment Company (E-ships) has ordered construction of two semi-refrigerated LPG Tankers from STX for $76 million, according to a report on www.khaleejtimes.com. The price for each vessel is about $38 million and the vessels will be delivered in Korea in May and July 2010. Eships is an Abu Dhabi based shipping company controlling 11 modern tankers and bulk carriers. E-ships is owned by Oman and Emirates Investment Holding Company, Mubadala Development Company and Abu Dhabi Investment Company (ADIC). Eships currently has four vessels on Time Charter to Total (CSSA). (Source: www.khaleejtimes.com)