Fincantieri Receives Products Carrier Contract Worth $53.5 Million

Ferruzzi group company Fermar, one of Italy's leading privately owned shipping operators, has placed a contract with the statecontrolled shipbuilding organization Fincantieri for a 30,000-dwt products carrier. The newbuilding is reported to have commanded a price in the region of $53.5 million against an end-1933 delivery slot.

The contractual owner Fermar is among the group of Italian owners which is to operate a new 86,000- ton-capacity, double-skinned tanker design within the framework of the Petrotank pool.

Orders have been confirmed for at least two such vessels, including one for operation by Fermar, although a significantly longer-running series is contemplated. Production of the class will be concentrated at the Ancona yard in the North Adriatic.

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Maritime Reporter Magazine, page 8,  Mar 1991 SSB

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.