Wilhelmsen orders new car carriers

Oslo-based shipping company Wilh Wilhelmsen signed a deal Monday to build two new car carriers at the Mitsubishi Heavy Industries' shipyard in Japan.

Oslo-based shipping company Wilh Wilhelmsen signed a deal Monday to build two new car carriers at the Mitsubishi Heavy Industries' shipyard in Japan. Wallenius Wilhelmsen is one of the world's leading players in vehicle transport.

Each vessel will cost nearly USD 50 million and be able to carry 6,400 cars. The deal contains an option for a third vessel at well.

Mitsubishi will deliver the first vessel in October 2004 and the second in January 2005.

One of the ships will replace Wilhelmsen's doomed car carrier "Tricolor," which sank in the English Channel last December.