On June 19^th, Hyundai Mipo Dockyard (HMD) delivered Hull No. 2042, a Product Tanker, keeping the company’s delivery plans on schedule. HMD will deliver 70 vessels in 2008. 35 vessels have already been delivered, including 20 Product Tankers and 15 Containerships. HMD held a delivery ceremony for the 37,000-dwt Product Tanker ordered by Navigazione Montanari S.P.A. of Italy. The vessel was named Valgardena at a naming ceremony. It is the third of four 37,000-dwt Product/Chemical Tankers ordered by Montanari, and measures 184m in length, 27.4m in width, and 17.2m in depth. The ship is equipped with a Hyundai B&W 6S46MC-C engine, providing a service speed of 15 knots.