"Since the newbuilding market is dramatically decreasing due to the global financial crisis, we are satisfied that we have secured the biggest active project in Turkey," said Sukru Ergun, managing director, Jotun Coatings in Turkey.
Besiktas Shipyard has already delivered and out-fitted 8x3.300-3.900 deadweight tonnage tankers, all protected with Jotun Coatings. All vessels in the new contract will be coated with Jotun's new tank coating product—Tankguard Special Ultra.
The 10 tankers are the third generation 'Armada' tankers with the RST22M design. The vessels will be delivered between December 2010 and September 2013.