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MASSOEL ORDERS THREE BULK CARRIERS

MASSOEL ORDERS THREE BULK CARRIERS

   Massoel S.A., the Swiss shipowning company, has ordered
three "handymax" bulk carriers from the Japanese shipyard Mitsui.
    The new ships, with a deadweight of 46,000 tons, will be placed under
the Swiss registry.
    The vessels were ordered in cooperation with B. Skaugen, a Norwegian
shipping company which has participations in two of Massoel’s bulk carriers.