Greek Group Signs Vessel Contract

26 April 2010 (Last Updated April 26th, 2010 18:30)

Restis Group has signed an agreement with Korean company Hyundai Heavy Industries to build three Kamsarmax bulk carriers. The price of each vessel is believed to be $37.5m, according to asiasis.com. The trio is expected to be delivered by the shipbuilder's Ulsan yard in 2012.<

Restis Group has signed an agreement with Korean company Hyundai Heavy Industries to build three Kamsarmax bulk carriers.

The price of each vessel is believed to be $37.5m, according to asiasis.com.

The trio is expected to be delivered by the shipbuilder’s Ulsan yard in 2012.

In 2005 the Greek group contracted a number of Capesize bulkers and Aframax product tankers from Sungdong Shipbuilding & Marine Engineering.