Konecranes wins contract

KCI Konecranes will supply four shipboard gantry cranes (Konecranes-Munckloaders) to Oshima Shipyard in Japan to be installed onboard vessels ordered by Singaporean shipowner Masterbulk Pte. Ltd. The 55,000 DWT vessels will be delivered in 2007 and 2008, and will be the largest of their type in the world. The value of the order is not known but, typically, the unit price of this kind of crane is approximately $5-6 million.