Article: Hyundai to build four tankers for Latvian shipping company.

Hyundai to build four tankers for Latvian shipping company

RIGA. Feb 18 (Interfax/BNS) - Latvian shipping company AO Latvijas Kugnieciba has signed an agreement with South Korea's Hyundai Mipo Dockyard Co. Ltd. to build four mid-sized tankers, a source in the Latvian shipping company said.

The source said that Latvijas Kugnieciba subsidiary Crown Navigation Inc. signed an agreement on Tuesday with Hyundai Mipo Dockyard Co. The South Korean company will build four tankers with a freight capacity of 37,000 tonnes each, to be delivered to the client in 2007. ...

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