There’s good news for the Isalnd’s shipping registry – with three new bulk carriers on the way.
Norwegian shipping magnate Lars Ugland, who now lives on the Island, is having the vessels built in China for his company LT Ugland Bulk (IOM) Ltd.
The Supramax bulk carriers are being built at the Tsuneishi shipyard near Shanghai in a deal worth about £75 million.
They’ll go into service between November next year and October 2010.
Two have names so far - the Atlas Manx and Geraldine Manx.
LT Ugland Bulk is a new company supplying tonnage to bulk carrier operators.
Skills Strategy hopes to tackle 'significant' skills shortage
Loganair to remove Saturday service to Birmingham
Trial for Douglas man who denies keying car
Southern Pool board welcomes assurances over site's future
Looneys of Ramsey to close
Future of Belfast flights 'precarious' due to low passenger numbers
