NEWBUILDING CONTRACT


The 37.500 dwt. vessel with 48 cargo tanks of stainless steel, will be a sister vessel to the series of newbuildings delivered from Kleven Florø. The vessel will be delivered 15 December 2003. The price of the vessel will be approx. USD 50 mill.

The contract is part of our long-term fleet development, as the new vessel will replace existing tonnage.