Nepline to purchase double-hulled tankers

Nepline Bhd in Selangor, Malaysia, is actively sourcing for suitable double-hulled tankers for acquisition in order to improve its revenue. The company?s overseas subsidiary, Nepline (Singapore) Pte, has sealed a $12 million shipbuilding contract for the construction of one, plus one option, 7,000 dwt double-hulled oil product tanker from China. The vessel is expected to be delivered in August 2007.