The Board of Directors of the Company (the “Board”) is pleased to announce that the Group had during the third quarter of 2007 after the announcing its results for the second quarter 2007 on 13 August 2007, secured shipbuilding contracts (the “Contracts”) in respect of thirteen (13) container vessels with an aggregate contract value of US$409.7 million.
The Contracts are to be delivered progressively in 2010 and 2011, and will therefore not have a significant impact on the earnings of the Group for the financial year ending 31 December 2007.
