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PRESCO to Build Tankers

Maritime Activity Reports, Inc.

March 1, 2006

Primorje Sea Shipping Company OJSC (PRESCO) signed to build five product carrying tankers with the STX Shipbuilding. The new tankers will be used for the transportation of crude oil, oil products and chemicals both in the Far Eastern region and between European ports. Under the contract these ice-class tankers of the deadweight of 52 thousand tons each are to replenish the PRESCO fleet by 2009.
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