The newbuilding due for delivery in 2016/17 is be chartered to an undisclosed client in what the company described as a “key emerging market”. The contract is under joint venture DOT Radiance and is worth $140m including extension options.
“To have a contract signed for a vessel two to three years ahead of its delivery affirms our strong industry network as well as understanding of our clients' needs to build market relevant vessels,” said Pang Yoke Min, chairman of Pacific Radiance.
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