Mipo clinches four product carriers

Hyundai Mipo Dockyard has secured four 37,000DWT product carriers from Latvian Shipping Company in Latvia. Total contract price is about $ 120 million and the tankers will be delivered from the first half of 2007. Mipo said that this is the first new order from an Eastern European ship owner. The recently privatized LSC operates a 39 ship fleet.