New Oil Tanker Company
(New Zealand Press Association) WELLINGTON, January 15. The British Petroleum Company, Ltd., and Houlder Brothers and Company, Ltd., announced in London yesterday the joint formation of a new company. Warwick Tanker Company, Ltd., with an issued capital of £500,000 fully paid-up shares. According to a press release by the public relations officer of B.P. (New Zealand), Ltd., the new company has entered into contracts for the construction of two tankers of 35,000 tons deadweight to be built by Hawthorn Leslie (Ship-builders), Ltd., and Cammel Laird and Company, Shipbuilders and Engineers. Ltd., and expected to be delivered in March and July, 1960, respectively. They will be chartered to the B.P. Tanker Company, Ltd. The cost of the vessels will be financed partly from the resources of the company and partly by means of bank facilities and an issue of 64 per cent, first mortgage debenture stock placed privately by the London and Yorkshire Trust, Ltd., Joseph Sebag and Company, acting as brokers. Xi: - .
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https://paperspast.natlib.govt.nz/newspapers/CHP19590116.2.174
Bibliographic details
Press, Volume XCVIII, Issue 28795, 16 January 1959, Page 13
Word Count
166New Oil Tanker Company Press, Volume XCVIII, Issue 28795, 16 January 1959, Page 13
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