Russia to build tankers for Panama

Russia’s Krasnoye Sormovo shipyard based in Nizhny Novgorod on the Volga River (MNP Group) has received an order for three 5,600 DWT tankers from the Panamanian shipping company Argo Shipping International. The shipyard will deliver the first tanker by late 2009, the second tanker in the summer of 2010 and the third tanker in the autumn of 2010. In addition, an option for a fourth vessel is expected to be confirmed in summer, the shipyard said in a statement.

The tankers will be 141 m long, 16.9 m wide, with 3.70 m draught, speed of 10 knots, a crew of 12/14 and capable of 15-day long voyages without refueling. The shipyard is currently building vessels for Italian, Turkish and Azerbaijani shipping companies.