VOL. XLV

No 41

14-October-2002

ALGERIA

Kawasaki Heavy Industries Wins Algeria LPG Carrier Order

Japans Kawasaki Heavy Industries has won a $99.3mn order for two LPG carriers from Sonatrach, with an option for a third ship at a cost of an additional $49.67mn. Kawasaki outbid Daewoo, Hyundai and Mitsubishi. The first of the 59,000 cu ms carriers is scheduled to be delivered by the end of 2004 with the second to be delivered by mid-2005. Speaking at the signing ceremony, Algerian Energy and Mines...