PTSC (HNX: PVS) signs deal to build tanker

State-run PetroVietnam subsidiary, Petroleum Technical Services Joint Stock Corporation, - PTSC (HNX: PVS) signed Thursday a US$23 million loan agreement with two banks to build an oil tanker.

Indovina Commercial Joint Stock Bank (Indovina) and Ocean Commercial Joint Stock Bank (OceanBank) will provide the 8-year loan for the Floating Production, Storage and Offloading vessel Ruby II.

Ruby II will then be leased to Petronas Carigali Vietnam Ltd's customers for their offshore operations.

The $280 million tanker is being backed by PTSC and Malaysia International Shipping Corporation, a subsidiary of Petronas Group.

vietnews, SGGP

>   ACB Securities awarded the “most famous brand in 2008” (21/08/2009)

>   Mekong Capital sells plastic firm stake (21/08/2009)

>   VN-focused fund lists on NY bourse (21/08/2009)

>   US rally boosts local markets (21/08/2009)

>   LSS: Transactions of affiliated people (21/08/2009)

>   PAC: Transaction of inside shareholder (Vu Nhat Tam) (21/08/2009)

>   TPC: Transaction of inside shareholder (Mr. Pham Van Meo) (21/08/2009)

>   TTP: Trading Result of Major Shareholder (21/08/2009)

>   TTF: Trading Result of Major Shareholder (21/08/2009)

>   NLC: Result of transaction of principal shareholder (21/08/2009)