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Sri Lanka cement firm doubles fleet size

Sri Lanka cement firm doubles fleet size
A Sri Lanka cement manufacturer has doubled the size of its fleet in a matter of weeks. Tokyo Cement, Sri Lanka's first privately owned cement manufacturing company, has taken two handysizes in quick succession to go alongside its existing handy pair.

As reported yesterday, the company - founded initially as a Japanese - Sri Lanka joint venture in 1982, took the 28,700 dwt Tan Binh 139 for $7.85m. Now understands Tokyo Cement has taken the 35,000 dwt New Creation, a ship that used to belong to Hsin Chien Marine, for $9.2m.

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