Monday, July 9, 2007

Egypt to buy six ships from S.Korea's STX - agency

(Reuters) - National Bank of Egypt said on Monday it had signed an agreement with South Korea's STX Shipbuilding Co. to fund Egypt's purchase of six ships for $251.6 million, according to state news agency MENA.

Atiya Salem, vice chairman of National Bank of Egypt told MENA the bank was funding the purchase of four vessels with a capacity of 81,000 tonnes and two with capacity of 85,000 tonnes for the state's National Maritime Company.


Read more at Reuters Africa

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