Another two newbuilding contracts of Diamond 53,000DWT Bulk Carrier are signed

（2007-06-18）

On June 18, the good news was reported again by our newbuilding department: after the successful completion and delivery of No.11 & 12 Diamond 53000DWT bulk carriers, our company signs another two newbuilding contracts of Diamond 53000DWT bulk carrier with Hongkong Huaguang Company. ?Mr. Hu Jingen, general manager of Chengxi Shipyard Co., Ltd. And Mr. Zhao Shiguang, board chairman of Hongkong Huaguang Company signs this contract together.

As per the report, the contract price is the best compared with the previous signed sister contracts. In accordance with this contract, these two ships will be completed and delivered to the owner in March of 2009 and August of 2009, and the classification society is DNV. (By Xiao Jiang)