Chambal, Hyundai Sign Shipbuilding Contract

Chambal Fertilisers & Chemicals Ltd. has signed a shipbuilding contract with South Korea's Hyundai Heavy Industries Company Ltd. The contracts are for two Aframax tankers. Hyundai, the world's biggest shipbuilder, is expected to deliver one in the last quarter of 2008, and the other in the first quarter of 2009, Reuters India reported. (Source: Reuters India)