Yayasan orders chemical tanker

Yayasan Sabah Group is set to play an active role in the chemical marine transportation industry, planning to expand its involvement in this sector with the acquisition of more tankers. The group, through its joint-venture company GS Tankers Sdn Bhd, has placed a shipbuilding contract for the construction and sale of a chemical tanker with Nok Bong Shipbuilding in Koje, South Korea.

GS Tankers, a joint-venture company between Yayasan Sabah Shipping Sdn Bhd and Gagasan Carriers Sdn Bhd, was set up to own and operate the new 10,800DWT chemical tanker costing $19.5 million which is expected to be delivered by August next year. The new vessel will have 12 cargo tanks with capacity of 12,000 cu m each, suitable for carrying many types of chemical cargo.