Independent journal on economy and transport policy
11:52 GMT+2
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The Tristar group of Dubay will buy the Emirates Ship Investment Co.
A fleet of seven tankers will pass of hand
March 9, 2016
The Tristar group of Dubay, than work in the entire logistic chain of the liquid bulk, an agreement has signed in order to acquire the Emirates Ship Investment Co. (ESHIPS) of Abu Dhabi, company that has a fleet of seven tankers constructed between to 2005 and 2010, of which five product/chemical tanker and two ships for gas of liquified oil. The company will be yielded by the German Egon Oldendorff for 90 million dollars.
The acquisition of the ESHIPS fleet joins to the investment of 200 million dollars of the Tristar in the acquisition of six new product tanker from 50.000 gross capacities in tons that the company of Dubay has ordered to the South Korean ship yard Hyundai Mipo Dockyard and that they will be taken in delivery beginning from the next May.
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