Penglai and Tsuji win new orders

Penglai in China clinched two 5,800 dwt chemical tankers from Wisby Tankers for delivery during 2008. Ship price per unit is $15 million.

Tsuji Heavy Industries secured two 29,000 dwt bulk carriers from a Japanese interest. They will be delivered during 2009 and will cost $25 million each. Ugland & CMB also placed orders for two 29,000 dwt bulk carriers with Tsuji HI for delivery in 2008.