Croatian yard to build tankers

PUBLISHED : Friday, 14 February, 1997, 12:00am
UPDATED : Friday, 14 February, 1997, 12:00am

Croatian shipyard 3. Maj says it has won a US$150 million order to build two oil tankers for Scorpio Ship Management of Monte Carlo and another two under option.

The first two of four identical 70,700-tonne tankers will be completed for delivery in 1999 and the other two in 2000.

The deal will boost 3. Maj's order book, which has only three other vessels due for construction for a Chinese-Polish shipper Chipolbrok, and enable further business restructuring.