Management of Novorossijsk Shipping Company has revealed the program for enlargement of the company’s fleet, according to which total deadweight of Novoship is to grow from 3.8 to 5 million tons by the end of 2010, Commersant reports according to YUGA.ru. The fleet is to take 6 Aframax vessels with total deadweight of 670,000 tons and 2 Handymax oil product carriers with deadweight of 80,000 tons. The vessels are to be built at Samsung Heavy Industries (South Korea). The first tanker is due for delivery in May, 2007. In 2007 Novoship plans to enlarge the fleet of its Aframax tankers to 27 to be the third ship owner in the world in terms of this type of tankers.
Novoship management has not disclosed total volume of investments into fleet modernization.