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Marine Log

December 27, 2007

Nepline orders products tankers in China

Malaysia's Nepline Berhad has ordered two 7,000 dwt double hulled products tankers at $15 million each. Both are to be built at China's Zhejiang Shenzhou Shipbuilding Co.

The 118 m LOA x 17.6 m beam vessels will be built to Bureau Veritas class. Each will have a Yanmar, 6N330-EN, 2,576 kW main engine.

Nepline says the contracts will be funded by internally generated funds and bank borrowings. It expects the contracts to be completed in the second quarter of 2009.

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