Greek Shipping Empire, Capital Maritime, expands into world of CO2 shipping, after £109m investment
Evangelos Marinakis' shipping firm, Capital Maritime & Trading Corp. has added the world's largest CO2 carrying ship to his companies impressive roster, as he expands further into the shipping industry. As recently revealed, the Greek shipping company has signed a contract worth $141.1m for not just one, but two of the world's largest Carbon Dioxide carrying ships, of which can carry roughly 22,000 Cubic Metres of Liquified Carbon Dioxide (LC0 2). The ships are produced by South Korean firm, HD Korea Shipbuilding & Marine Engineering, a subsidiary of petroleum, heavy machinery & Ship building firm, HD Hyundai, which alone has a market cap of over £28bn. Vessel Builders, HD Korea Shipbuilding & Marine Engineering, signed the huge contract with Evangelos Marinakis' company in mid-July. As part of the deal, the City of Ulsan, South Korea, will host the production of the two largest CO carrying vessels, of which measure at 159.9m, and 27.4m in width....