Fleet of FESCO replenished new dry cargo, which was built in Japan.

25 June 2004
FESCO bought the contract at Dutch-Taiwan factory «Evro Asia-III Inc.» for building new ship bulker type with dedweight 33000 tonnage.

The ship is building on yard «Oshima Shipbuilding Corparation» (Nagasaki, Japan). New dry-cargo ship will take in October 2004. The vessel needs for transportation of bulker type of cargoes and rigged 4 lifting cranes 30 tons tonnage in each.
In compliance with contract settles FESCO had paid in 10% of cost and 10% will be paid in after launch the ship.
Besides that FESCO had leaded negotiations with West Germans. «HSH-Nord BANK», which got agreement to finance the greater part of remaining cost of this vessel.
This replenish is under the FESCO Program for Renovation Fleet and Container Park.