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03 August 2020 The on-line newspaper devoted to the world of transports 17:13 GMT+2

July 1, 2003

Global Carriers may buy more ships

GLOBAL Carriers Bhd aims to create a niche in the tanker business with the projected buying of more vessels.

"The tanker business has contributed 70% to our earnings and it is really doing well and generating more. We plan to buy additional tankers when the time is right," chairman Datuk Azlan Hashim told reporters after the company's AGM and EGM in Kuala Lumpur yesterday.

He said the purchase of new tanker vessels would not be immediate but was "definitely" in the pipeline ......
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