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.
Marown Commissioners to hold requisition meeting ahead of by-election
Onchan commissioner will stand again in 2031
Yellow warning for coastal overtopping to come into force later
Garff candidates put in 'terrible' position by windfarm advice says new MHK