of Friend International Shipping it orders to two new tankers Handysize to Hyundai Mipo Dockyard



The Luxemburger of Friend International Shipping (DIS), that it is controlled by the Italian company of Friendly Society of Spa Navigation, has concluded through operating controlled own of Friend Tankers Ltd. (Ireland) contracts with the Hyundai Mipo Dockyard Co. South Korean (HMD) for the purchase of two modern new ships Handysize (Hull 2385 and 2386, of 40.000 gross capacities in tons) under construction and with delivery previewed for beginning 2014, to a price of 30,65 million dollars each, more a contractual option for ulterior two tankers, second the same terms and conditions, to practice within the end of 2012.

The two ships under construction, beyond to being to double hull, flexible and IMO II - it has explained DIS - belong to a new generation of ships that characterize for consumption many low. The project of these ships called "HMD ECO 40 ShallowMax" is the result of the most recent study than HMD to arrange low consumption, high efficiency, capacity and immersion. The ships will have an index of energy efficiency (EEDI) of 24% more low of the value demanded from the International Maritime Organization for single new ships and an immersion of 10,5 meters to the maximum capacity, assuring so a high flexibility of employment.

Moreover DIS has announced that of Friend Tankers Limited it has signed Time contracts charter with one of the more important Oil Majors on these two ships for the duration five-year-old. Such contracts - it has specified the society - are concluded to chartering rates such to generate profit and moreover they allow with DIS to increase the percentage of cover, that is the quota revenues generated from contracts to standing charge.

"We are very happy for announcing this operation - the managing director of Friend International Shipping has commented, Marco Fiori - as the previewed delivery of the new ships is perfectly coherent with our positive vision of market for the mean/along term. Is moreover a lot important to emphasize - has added - that the acronym of Time contracts charter on these two ships, will not only carry to generate profit for the society, but clearly represents also an acknowledgment of the elevated qualitative standards, safety and in matter of protection of the atmosphere that mark fleet DIS, let alone of the relative managerial abilities, such to satisfy so demanding customers as the "oil major" in question. I want moreover to emphasize as the two new ships incorporate the last goals in terms of turned technology to reduce lessened the consumption, being demonstrated our constant effort in the attempt to always offer technology of vanguard to our customers and trying to always place us as one of the most credible but at the same time innovative societies of navigation".

Currently the fleet of Friend Tankers Limited comprises 40 tankers (medium range - MR and handysize product tankers) all to double hull, with a medium age 5,9-year-old. The fleet, as a result of the new contract with HMD, will comprise 24 ships of property and 18 ships rental.