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2007-07-17: Freese Shipping orders 28.000tdw MPP/HL vessels

After having delivered our two small container feeders mv “Arctic Ocean” and mv “Arctic Fox” (both Sietas Type 156 with iceclass E3, 660TEU built 1995) to their new Dutch owners JR Shipping of Harlingen, Freese Shipping inked new building contracts at Shandong Huanghai Shipyard China for delivery of two MPP / HL vessels in 2011 on 10th July 2007. The vessels with main particulars length 166.5m, breadth 27,4m and draught 10,1m have a displacement of 28.000tdw and a container capacity of 1750TEU. The ships will be named “KINGCUP” and “KINGFISHER”. In holds stowage of 5 tiers of 9’6” high containers is possible. The vessels are equipped with 100 reefer sockets and capable of carrying dangerous goods according SOLAS II-2 Reg. 19. Two cranes each 120t and one crane 45t are installed port side. In combined operation lifts of up to 240t can be handled. In holds No 2 to 4 the pontoon type tween deck is adjustable in two heights. Hydraulic operated hatch covers closing all holds. As main engine the new designed, electronically managed MAN B&W 6S40ME-B will be installed. This engine meets latest requirements in environmental protection (reduced emission) and energy efficiency. A long term time charter agreement with OPAL / POST (Orient Pacific Asia Line Ltd. Hong Kong / Pacific Orient Sea Transport Pte Ltd. Singapore) in their Asia-Australia Service has been arranged by Hamburg based broker Ernst Russ. The financing is arranged by Bremer Landesbank and OwnerShip emission house which was also in charge for placing the capital for previous Freese MPP’s on the public market. The two resales sold via S&P broker Ernst Russ are previous slots (options) of Reederei Braren who has ordered already 3 similar vessels at Shandong Huanghai but due to intended West-Africa service with 80t cranes only and foldable tweendecks. Initially the five yard slots (3 / Opt 2) have been developed in cooperation with Peter Gast Shipping GmbH.