Shipping giant orders vessels from China (Xinhua) Updated: 2005-12-01 15:59
Denmark's oldest shipping company--Norden signed a purchase agreement in
Beijing Wednesday with China's leading shipbuilder--CSSC for three new vessels
worthy US$105 million.
The agreement, signed between Denish Norden A-S and China State Shipbuilding
Corporation (CSSC), involves two 38,500DWT Product Oil Tankers and one 53,500DWT
bulk cargo ship.
The three vessels will be built by CSSC's Guangzhou branch--the Guangzhou
Shipyard International Company Ltd and the Shanghai-Chengxi Shipbuilding Corp.
This is Norden's second deal with CSSC. In 2003, Norden ordered six 38,500DWT
Product Oil Tankers from the Guangzhou Shipyard International Company Ltd, with
one to be delivered this month.
CSSC currently accounts for about one-third of China's annual shipbuilding
output of around six million dead weight tonnage. Around half of CSSC's orders
come from offshore buyers.
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