I.M. Skaugen ASA, Oslo (OSE: SKA) has finalised the agreement with the Zhonghua Shipyard in Shanghai, China for an order of up to 10 vessels of 8,400 cbm size ethylene gas carriers.
A new company, owned 50% by GATX Capital Corporation, San Francisco, a subsidiary of GATX Corporation (NYSE: GMT) and 50% by I.M. Skaugen (IMS) will be the buyer of the first 4 vessels. The order is thus now firm for 4 vessels and with an option to build 6 more vessels at same price and terms.
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