TNG jumps on eco newbuilds

Tankerska Next Generation has acquired contracts for two 50,000 dwt eco-tankers using funds raised through the IPO and bank debt
TNG jumps on eco newbuilds

Tankerska Next Generation (TNG) has bought newbuild contracts for the construction of eco-designed product tankers.

The 50,000 dwt vessels are scheduled for delivery to the company in April and July this year. They are both being constructed at Hyundai Mipo Dockyard in South Korea.

According to a statement by TNG, “The price to be paid for the two acquisitions is based on fair market valuations and in-line with the IPO proposition."

The tankers will be managed by Tankerska Plovidba and financed with IPO money and back debt. TNG jumps on eco newbuilds

XXX

by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

Tracker Pixel for Entry