View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
January 6, 2010

International Shipholding Invests in Vessels

International Shipholding said it has invested $6.25m to acquire 25% equity in Oslo Bulk Shipping joint venture (JV), which has plans to build eight new mini bulkers. The company said the 8,000dwt vessels will be built at Yangzijiang Shipyard with scheduled delivery commencing in Q3 20

By cms admin

International Shipholding said it has invested $6.25m to acquire 25% equity in Oslo Bulk Shipping joint venture (JV), which has plans to build eight new mini bulkers.

The company said the 8,000dwt vessels will be built at Yangzijiang Shipyard with scheduled delivery commencing in Q3 2010.

The JV plans to deploy the vessels on medium to long-term contracts in the Caribbean, South America, South East Asia, the Mediterranean and Baltic regions.

The dry bulk carriers, designed to transport agricultural, construction, metal and energy-related commodities, will cost the venture nearly $110m, the company said.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology