Busan: Emarat Maritime, the ship operating arm of the Sharaf Group, has committed to a further four ships at Hanjin Heavy Industries & Construction in its 115,000 dwt aframax series which is now eight in total. The price is in the region of US$67m according to Hong Kong broking sources on a payment basis of 5 x 10/50% with delivery split between 2009 and 2010. [05/12/06]
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