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OOCL set for US$160m ship deal.

Asia Africa Intelligence Wire

| July 09, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From The Standard)

Byline: Keith Wallis

Orient Overseas Container Line (OOCL), the Tung family-controlled shipping company, will sign contracts, totalling about US$160 million (HK$1.24 billion), on Friday for another two massive 8,000-TEU (20-foot equivalent units) container ships.

The latest deal will bring to 10 the total number of similar-sized ships that have either been delivered or are on order to OOCL. The 323-metre-long, 100,000 deadweight tonne vessels are the largest container ships afloat.

OOCL general manager corporate marketing Stanley Shen confirmed that orders would be signed with South Korea shipbuilder Samsung Heavy …

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