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Article: Ultramar Diamond Shamrock Corp. and Ceres Hellenic Shipping Enterprises Ltd. Announce Strategic Agreement.
- Article from:
- Business Wire
- Article date:
- April 17, 2000
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Business Editors and Energy Writers
SAN ANTONIO--(BUSINESS WIRE)--April 17, 2000
Ultramar Diamond Shamrock Corp. (NYSE:UDS) and Ceres Hellenic Shipping Enterprises Ltd. today announced a 10-year agreement for a fifth Suezmax tanker to be used in the company's crude transportation program. The vessel, which will be owned by Ceres and built by Hyundai Heavy Industries, Ltd., is scheduled for delivery in late 2001.
UDS earlier announced a seven-year agreement with Sonatrach, the Algerian national oil company, for an additional 35,000 barrels per day of light, low-sulfur crude oil for delivery to the company's Quebec refinery located northeast of ...