Company News – Page 305

TEN Finds Work for One of Its Crude Carriers

Around USD 23 million of gross revenues are expected over the maximum period of the employment.

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Under the USD 125.4 million contract, the shipbuilder is scheduled to deliver the units by March 2021.

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The deal has “attractive purchase options” which can be exercised as from the fourth charter year.

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The new Corona Dynamic will carry thermal coal to Hokuriku Electric Power Company’s thermal power plant.

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A.P. Moller Holding is expected to close the acquisition of KK Group in the third quarter of 2019.

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