Tankers for China

A/S Dampskibsselskabet TORM (TORM), a shipping company, has signed a contract with Dalian New Shipbuilding Ltd (China) for construction of two high-specification 105,000 dwt (Aframax) product tankers. The Company has an option for two further vessels. The vessels are due to be delivered in 2nd and 3rd quarter of 2006 and represent the latest additions to a substantial newbuilding program initiated in 1999 now totaling 12 vessels, of which six vessels have been delivered to date.

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