Good news for Kvaerner

Odfjell ASA’s decision to order two chemical tankers at Kvaerner Floro is described by the Norwegian yard’s president Bjorn Lillelien as “the best recent news we have had”. The contract is valued at Nkr900 million ($114 million) and will, says Kvaerner, secure employment at the yard for at least three years. An option exists for a further tanker to be delivered in the first quarter of 2003.

The 37,500 dwt newbuildings are pegged for delivery in September 2001 and June 2002.