HMD held a steel cutting ceremony on Oct. 2 for two 37,000dwt product carriers (H0228/H0205) ordered by Tsakos of Greece and Arminter of Monaco respectively and also held a ceremony of steel cutting on Oct. 7 for a 35,000dwt product/chemical carrier(H0225) ordered by NITC of Iran.

HMD held a keel-laying ceremony on Oct. 6 for 46,000dwt product carrier(H0202) ordered by Novoship of Russia and will be delivered to it's owner in March of 2004.