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.
Steam Packet sailings cancelled as strong winds and rough seas forecast
Public Health urges residents to take steps to stay well this winter
Black ice warnings issued as police report hazardous road conditions
Douglas Council opts against low-noise fireworks after review