Israel Shipyard Wins $50m Contract

Israel Shipyards won two contracts, worth over $50 million, to build four general cargo ships for two European customers, according to a report on www.port2port.com.

Israel Shipyards Ltd (ISL) has specialized in military shipbuilding.

The first customer ordered two ships which will be employed by European cement manufacturers the second, a shipping company which operate some 50 vessels of similar size.

The four 90 meters long vessels on order, are classified as dwt 4,500 bulk vessels which can transport , in addition to ordinary bulk cargo, heavy and oversize cargoes.