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Newbuilding Orders Focus on Various Types of Tonnage

A number of deals were concluded in the newbuilding market this past week. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “having been under discussion for some months, COSCO Shipping have now signed contracts for a total of 16 firm plus two option Newcastlemax at a number of yards in China for carriage of Bauxite from Guinea to China. COSCO Yangzhou took orders for eight firm plus two options; Beihai and Xingang shipyards (both within the CSIC Group) signed for three ships each; and DACKS secured contracts for two vessels. Delivery of the series is primarily in 2021, although some later vessels in 2022. One order in tankers, with clients of Clients of Sun Enterprises understood to have ordered two firm plus one option 50,000dwt MRs at HMD, for delivery within the end of 2020. Wallenius SOL (JV) announced placing orders for two firm plus two option 5,800lm RoRos at Yantai CIMC Raffles for delivery in 2021. The vessels will be LNG fuelled with Ice 1A Super”.

In a separate report, shipbroker Banchero Costa added on the past week’s newbuilding activity that “in the tanker segment, still owners feeding with tonnage for Shell’s Project Solar Chemical: Eships (part of Tristar Group), Dubai ordered 6 x 50,000 dwt at Hyundai Mipo, Korea for delivery 2020/2021 at $38 m each (Tier-III, Imo-2). Otherwise, Livanos Group placed order at Hyundai Mipo, Korea for 2+1 x 50,000 dwt for delivery 2020 at around $37 mln. In the dry bulk segment, Cosco Bulk Shipping signed 2 deals on Newcastlemax: 3 x 210,000 dwt at Qingdao Beihai, China (CSIC) for delivery from first half 2021 scrubber fitted at undisclosed levels, and 8+2 x 208,000 dwt at Cosco HI Yangzhou, China for delivery 1st H2021 at around $54 mln, each scrubber fitted. Both orders have been fixed long term to Chalco for transportation of bauxite from Guinea to China. China Development Bank Financial Leasing (CDB FL) placed order for Ultramax 4 x 63,500 dwt at New Dayang, China for delivery 2020/2021 at undisclosed price. Wisdom Marine Taiwan ordered at Namura Japan 2 type of tonnage: one 63,500 dwt for delivery 2021 at $31 mln and one 38,000 dwt for delivery 2021 at $25.5 mln”, the shipbroker noted.

Meanwhile, in the S&P market, Banchero Costa added that “in the dry market, most of sales reported during the week were focused on vintage tonnage. A Post-Panamax controlled by Singaporean “Alam Pintar” around 87k dwt 2005 built IHI was sold at $9.1 mln to Chinese buyers. Always concerning Panamax, a Greek controlled unit “Erato” around 74k built 2004 Hudong (SS/DD due Aug 2019) was sold at $7 mln. to Greeks, in line with last 2004 Panamax “Cemtex Pioneer” around 77k dwt built 2004 CSBC done at $7.3 mln (basis SS/DD due in 2019). In the Supramax segment, a Japanese controlled unit “Bulk Paraiso” around 53k dwt built 2007 Iwagi sold for $10.5 mln to Indonesians. In the Handy sector, two small Handysizes (around 28k dwt) were reported during the week “Ratu Tembaga” around 28k dwt built 2004 Imabari at $5,75 mln to Lebanese buyers and ”Dauntless” around 28k dwt built 2002 Imabari to Middle Eastern buyers for region $5.25 mln. In March, “Estia” around 28k dwt built 2004 Shin Kochi was done at $5.9 mln. In the tanker market, two resales VLCCs, “Ninawa” and “Diyala” around 320k dwt built 2019 in Samsung, were bought at $88 mln each by Greek buyers. Furthermore, two German controlled Suezmax “Ds Symphony” and “Ds Melody” around 150k dwt built 2001 Sasebo were sold at $11.5 mln each (basis SS/DD due). In the product sector, two Handy tankers “Nord Nightingale” and “Nord Snow Queen” around 38k dwt built 2008 GSI were sold to C.of M Sea Capital at $13 mln each. Deal is backed by 2+1 (optional) TC back to Norden at $13.4 p/day”, the shipbroker concluded.
Nikos Roussanoglou, Hellenic Shipping News Worldwide

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