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



of Friend International Shipping (DIS), society controlled from the Italian of Friendly Society of Navigation, has undersigned with the South Korean ship yard Hyundai Mipo Dockyard Co. the contracts for the purchase of two new tankers Medium Range of 50.000 gross capacities in tons under construction and delivery previewed for beginning 2014. The acquisition, carried out through the operating controlled one of Friend Tankers Limited (Ireland), has happened to a price of 33,0 million dollars for each ship.

The two ships under construction, beyond to being to double hull, flexible and IMO II - it has specified the company - belong to a new generation of ships that characterize for consumption many low. DIS has explained that this project HMD is in fact to the vanguard regarding the form of the hull and the propulsive efficiency that carries the ships to a 6-7 saving tons to the fuel day regarding the average of the existing fleet of the same type. The ships have an exceptional index of energy efficiency (EEDI) of 31.5% at the best maximum inferior of applicable reference IMO and they already respect, therefore, also the reduction of the index previewed from phase 3 of IMO (- 30%) that it will be applied to the ships constructed after on January 1°, 2025.

"After the recent order of the two ships under construction Handysize ECO 40 Shallowmax - the managing director of Friend International Shipping has commented, Marco Fiori - we are very happy for announcing this ulterior operation that previews the order of two ships MR to confirmation of the strategic objective of rimodernizzazione of fleet DIS, through the purchase of unit planned second the most modern criteria than technical efficiency and energy saving. Firmly we are convinced that this type of ships of new generation represents the future of our field and moreover theirs previewed delivery is perfectly coherent with our positive vision of market for the mean/along term. These two new ships, once delivered - it has observed Flowers - are in fact most advanced and efficient in the within of the respective class of belongings, in terms of relationship speed/consumption and gross capacity/draught. These technical improvements will afford to improve at least 3,000 dollars to the day the current revenues Time base charter".

The company has announced that, to the aim to support DIS in this new project of investment, of Amico International S.A. (Luxemburg) has granted a loan subordinate for 20 million dollars with expiration on December 31, 2013.

Today the fleet of Tankers Friend comprises 40 tankers (medium range - MR and handysize product tankers) all to double hull, with a medium age 6.2-year-old.