The company usedits fourth quarter earnings report to shed new light on the joint venture withCLdN Cobelfret, which is based in Luxembourg.

CMB said the partnershiphas acquired a pair of 19,500-dwt stainless steel chemical carriers that areunder construction at KitanihonZosen in Japan.

The operator also indicated the newbuildingcontract, which calls for delivery in the third quarter of 2015 and firstquarter of 2016, includes an option for a third unit but its unclear how much the vessels will cost.

While