A couple of orders to report in dry this week with Santoku Senpaku adding further Kamsarmax to their orderbook, this time for two firm 82,000 DWT bulk carriers at Tsuneishi Zosen with delivery in 2017. Navibulgar have also contracted four firm plus two option 42,300 DWT Ice 1C Handymax. Delivery is due in 2016 with pricing understood to be just above USD 24 Mill per vessel.
In tankers, Sungdong have added two firm widebeam 74.5k DWT LR1 to their orderbook with an order from Nisshin. Delivery is from the end of 2016.
In gas, KSS Line have announced that they have added a third vessel to their series of 84,000 CBM VLGCs at HHI, with delivery of the latest vessel in mid-2016.
Looking at containers, DSME are reported to have won an order for two 19,000 TEU container vessels from Bank of Comms Financial Leasing, with delivery of both units in 2017. At the other end of the size scale, Daesun have won two separate orders each for two firm 1,000 TEU container feeders - from Nam Sung Shipping and Shanghai International Port Group (SIPG). All four vessels are planned for delivery in 2016 with pricing in excess of USD 19.5 Mill.
Although somewhat quieter this week with a number of the yards in the Far East approaching their summer vacations, we have still seen continued activity in the newbuilding market with orders coming to light in the dry, container and gas sectors. Starting with the larger sizes, this week we have seen further orders being placed for VLOCs at Guangzhou Longxue. Following a similar order from Berge Bulk in May this year, Henghou Industries are reported this week to have placed an order for two firm 250,000 DWT VLOCs at the GSI controlled Longxue. Pricing is understood to be in the region USD 59 Mill with delivery of the first vessel in 2015 and second in 2016. In the smaller sizes, this week it was reported that Wuhan Haihong Shipping have placed an order for two firm 64,000 DWT Ultramax at Guangzhou Huangpu, with both due to delivery in 2015.
In the container market there are a number of orders to reports in the larger sizes, starting with Seaspan declaring options for a further five 14,000 TEU container carriers at HHI. These vessels, which take the series to a total of ten vessels, and understood to be due for delivery in 2015 with pricing in the region USD 110 Mill each. Although thought to have been signed in June this year, it has come to light this week that a joint venture between Costamare and York Capital have contracted two firm 9,000 TEU container carriers at Hanjin Subic, with delivery of both vessels in the second half of 2015. Understood to be based on a wide beam post panamax design, pricing is in the region USD 80 Mill per vessel.
A number of orders to report in the gas market, with Teekay LNG declaring the third and fourth options in a series of 173,400 CBM LNG carriers at DSME, both for delivery in 2016. Although pricing remains undisclosed, it is understood that this includes an additional four options, which if declared would be due for delivery in 2017. Also declaring their options at Hanjin Subic for two further 38,500 CBM LPG carriers are Exmar LPG. This makes up the fifth and sixth in the series, with delivery of both vessels
due in 2017.
Despite the on‐going summer holidays, it has been a relatively active week in the newbuilding market with a notable number of new orders having been reported. In particular this week we have seen further ordering in the mid‐sized dry sector and very much focussed on Ultramax. Starting with the larger sizes, Great Eastern Shipping of India were reported to have placed an order for two firm 81,600 DWT Kamsarmax at Tsuneishi Cebu. Pricing for these orders remains undisclosed however we understand delivery of both vessels is due in the first half of 2016. Similarly K.G. Jebsen are understood to have declared the 4th and 5th options in a series of 81,000 DWT Kamsarmax at JMU. Pricing is understood to be in the region USD 30 Mill with delivery of both vessels in 2015.
This week has also seen Scorpio Bulkers place orders for a total of eleven firm Ultramax plus three options. Contracts were signed for four firm 61,000 DWT Ultramax at both Nantong COSCO KHI (NACKS) and Dalian COSCO KHI (DACKS). Delivery of all the vessels is due within 2015 with pricing understood to be in the region USD 27 Mill. Scorpio reported a further order for three firm plus three option 63,000 DWT Ultramax at Chengxi, with the firm vessels for delivery at the end of 2015 and early 2016. Also at Chengxi, Dalnave Navigation Inc are understood to have placed an order for two firm 64,000 DWT Ultramax with delivery in the first half of 2016. It was also reported this week that Peter Dohle have placed an order for two firm plus two option 64,000 DWT Ultramax at Yangzijiang. Pricing is in the region USD 25.5 Mill with delivery planned from the end of 2015. Finally in dry, believed to have been signed earlier this month, Kouan has received an order for two firm 39,000 DWT Handysize from a domestic Chinese buyer, both for delivery in the first half of 2015.
There are no orders to report in the tanker market, however there have been a number of new containership orders coming to light this week. In the larger sizes, in addition to the buyer’s order at Dalian reported earlier this month, CIMC are understood to have placed signed for a further five firm 8,800 TEU container carriers at New Times. Due for charter to MSC when delivered in 2015, pricing is understood to be in the region USD 85 Mill. It was also reported that Hyundai Mipo have taken an order for a single 1,900 TEU container vessel from CK Line, due for delivery at the end of 2014. Finally COSCO Shipping have placed an order for four firm 36,000 DWT MPPs at NACKS. The vessels are understood to have a container capacity of around 2,000 TEU and be equipped with 4 x 100T deck cranes. Pricing is in the region USD 33.7 Mill with delivery is to be split between 2015 and 2016.
Starting with dry and the larger sizes, this week U‐Ming Marine Transport of Taiwan (Far Eastern Group) have continued their Capesize ordering at SWS by declaring four further options to their original order of four firm 186,000 DWT Capes in February this year. Although pricing was undeclared, we understand delivery of the options is split between 2015 and 2016. Having been signed earlier this year, it has come to light this week that Cara Shipping (Rizhao Steel) has placed an order for two firm 82,000 DWT Kamsarmax at Jinling, with the vessels due for delivery in 2014 and 2015. Similarly, it has also emerged this week that Nisshin Shipping has contracted two firm 39,000 DWT Handysize at Jiangsu Hantong. Understood to have been signed some months ago, delivery of both vessels is planned for 2015. Also in the Handy sector, Graig Ship Management were reported to have signed two 35,000 DWT Handys at Jiangdong Shipyard with delivery in the first half of 2015.
In the container market, we understand that Bernhard Schulte have declared a further four options for 2,300 TEU container carriers at Zhejiang Yangfan. This follows the original orders for four firm vessels placed in the fourth quarter of last year. Pricing of these most recent orders is understood to lie at USD26.5 Mill per vessel with delivery from March 2015.
Looking at the gas market it has come to light that Navigator Gas have placed further orders at Jiangnan Shipyard for LPG/Ethylene carriers. This most recent order is made up of a single 21,000 CBM LPG/Ethylene carrier, which will be the 5th in the series and an order for two firm plus two option 22,000 CBM LPG carriers. Delivery for all three firm vessels planned for 2015 with the options in 2016 if declared.
In other markets, it was reported that Norwegian Cruise Lines have declared an option for the second vessel in a series of 163,000 GT Cruise Ships at Meyer Werft. Pricing was reported in the region USD917 Mill with delivery planned for mid‐2017. Finally, Fincantieri (Ancona) have received an order for a single 11,000 GT Cruise Ship for Compagnie du Ponant with delivery in May 2015.
It has been another active week in the newbuilding market, with notable levels of ordering across all sectors.
In Dry and whilst understood to have been contracted earlier this year, Clients of Polaris Shipping are reported to have signed three firm 250,000 DWT VLOCs as well as a single 207,000 DWT Newcastlemax at Hyundai Heavy Industries. These will be built at their Samho facility and whilst final pricing is yet to be disclosed, delivery is expected from the third quarter of 2014 and will continue through to early 2015. Parakou Shipping were reported to have contracted four firm SDARI designed 64,000 DWT Ultramax with a further four plus four options attached at Chengxi Shipyard. Pricing is understood to be in the region USD 25.5 Mill, with delivery of the firm vessels in 2015 and options in 2016 if declared.
In tankers; Further orders in the LR2 market to report this week, with clients of Frontline 2012 having placed an order for four firm and two option 111,000 DWT Product Carriers at COSCO Zhoushan. Similarly to other orders reported this week, the order is understood to have been placed some months ago but only now emerging. Pricing is in the region USD 45 Mill with delivery from early 2015. COSCO’s Dalian facility has also received an order this week for a single 22,000 DWT Product Tanker from a yet unknown Asian owner, with delivery in October 2014. Finally and another order slow to come to light is a one plus one 320,000 DWT VLCCs order at NACKS. This order was placed by Dalian Ocean Shipping the end of 2012, we understand delivery is due for 2015.
This week has seen a third order placed for 18,000 TEU container carriers, this with Hong Kong Asset Management placing an order for three firm vessels at DSME. Thought to be on the back of a charter to MSC, the newbuilding price is understood to be in the region USD 140.5 Mill with delivery from early 2015. Also understood to be for charter to MSC, China’s Bank of Communications Financial Leasing were reported to have placed an order for six firm 9,400 TEU container carriers. Four of these are to be built at Jiangnan Changxing Shipbuilding and the remaining two at Jiangnan Shipyard. Delivery is due from 2015 onwards with pricing in the region USD 82 Mill. Finally in the smaller sizes, Dole Fresh Fruit International have placed an order for three firm high reefer capacity 1,540 TEU container carriers with Hyundai Mipo. With the specification including gantry cranes pricing for these sits in the region USD 55 Mill with delivery from the fourth quarter of 2015.
In other sectors, Fincantieri’s Sestri Ponente facility has reportedly taken an order for a single 54,000 GT Cruise Ship from Regent Seven Seas Cruises. Pricing was reported in the region USD 450 Mill with delivery in mid‐2016.
Ordering this week has been very much focussed on the dry sector with additional orders seen in the container market, large size LNG sector and small tankers. In dry, starting with the large sizes, it was reported that Oldendorff Carriers have declared their first option for an additional 207k DWT Newcastlemax at HHI with delivery lined up for March 2015. This takes their total order up to five firm
Vessels, with one option still outstanding. Notable levels of ordering coming to light this week in the Capesize newbuilding market in Japan, with both JMU and Imabari each taking orders for three firm 180,000 DWT Capes from SwissMarine. Final pricing was undisclosed however delivery is understood to be planned for 2015 and 2016. Oldendorff were reported this week to have also declared options for two Kamsarmax and three Handysize at Jinling Shipyard. For Kamaramax, the 3rd and 4th in the series of 82,000 DWT bulk carriers are understood to have been declared. Additionally, it was reported that the 4th, 5th and 6th in a series of 38,800 DWT Open Hatch Handysize have also been declared. Delivery of the options in both sizes is due from 2Q 2015 with only pricing of the Handysize vessels reported in the region USD 23 Mill.
In the container market this week, we understand China International Marine Containers (CIMC) have placed further orders for post‐panamax beam box ships at DSIC. The most recent order reported this week is for five firm plus two option 8,800 TEU container carriers for delivery in 2015 and into 2016. The vessels are understood to be price in the region USD 85 Mill and to be chartered to MSC. In the feeder sizes, owner SITC are understood to have exercise their options for a further two firm 1,800
TEU container carriers at CSBC’s Keelung facility. Pricing is understood to be in the region USD 23 Mill with delivery in the first quarter of 2015.
Very limited ordering in the tanker market with a single order for two firm 2,250 DWT Asphalt & Bitumen carriers at Brod 3 Maj for Wisby Tankers. Pricing for this order was undisclosed, however delivery of both vessels is understood to be for April 2014.
Finally in gas, clients of Maran Gas Maritime were reported to have placed further orders for LNG carriers at DSME. Understood to have been signed at the very of end June, this order is understood to be for two firm plus two option 173,400 CBM LNG vessels. Delivery of the firm vessels is in the second half of 2016 and options in 2017 if declared. Pricing for the firm vessels is believed to be in the region
USD 207 Mill.
This week’s newbuilding business has been very much focussed on the Ultramax sector in dry with further MR and LR2 ordering in the tanker marker. Starting with dry, further to last week’s report of Clients of Golden Ocean placing an order for three firm plus three option Ultramax at Chengxi, we understand that Wah Kwong have declared four further options for SDARI design 64,000 DWT Ultramax at Chengxi making a total order of eight firm vessels. Delivery of these options is spread between end 2015 and early 2016. It was also reported this week that Clients of Sammok Shipping have placed an order for two firm plus two option 64,000 DWT Ultramax at New Times, with delivery of the firm vessels understood to be in the second half of 2015 and options in 2016.
This week has seen a further four firm plus four option of the SDARI 64,000 DWT design at Jiangsu Hantong. This order placed by Conti Reederei was reportedly priced at USD 24.5 Mill per vessel with delivery of all firm vessels in the first half of 2015 and options in 2015 if declared. Also in China, Marine Capital (MCL) are reported this week to have placed an order for two firm plus a total of two option Crown 63 Ultramax at Sinopacific. Understood to have been signed earlier this year, the
vessels are to be built at Sinopacific’s Dayang facility with delivery from the second half of 2014. Also at Dayang, GSD Marin are reported to have declared an option for Crown 63, making a total of two firm vessels both for delivery in 2014.
In the same sector, it is also understood that Oshima SB has received an order for two firm 60,000 DWT Ultramax placed by DACC Maritime, a joint venture between D’Amico and Coeclerici. Pricing remains undisclosed, however delivery is understood to be planned for September and December 2015 for the firm vessels and 2016 for the options if declared. Finally in dry, it was reported that Nisshin Shipping has placed an order for four firm 39,000 DWT Handysize at Jiangmen Nanyang. Pricing for this deal is in the region USD 22 Mill with delivery of all vessels in 2015.
In tankers, further orders to report this week in the MR sector with Clients of Capital Ship Management concluding an order for four firm plus four option 52,000 DWT product carriers at Samsung Ningbo. Pricing is understood to be in the region of USD 32 Mill, with delivery of firm vessels planned for 2015 and options in 2016. Additionally, it is understood that Tai Chong Cheang have placed an order for two
firm 114,000 DWT Aframax at Namura, with delivery of both vessels is due in 2016.
Limited ordering in other sectors this week, with one order for two 60,000 CBM LPG carriers having been placed at Hyundai Heavy Industries by Solvang ASA. Again pricing was undisclosed, however we understand delivery is planned for February and April 2015.
S & P
In the panamax segment, the Japanese controlled M/V RED SETO (75,957 dwt 2002 blt Tsuneishi Zosen) has been sold for US$ 13.8m to Greek buyers while the one year younger - Japanese owned - M/V NAVIOS CIELO (75,834 dwt 2003 blt Sanoyas) understand is committed again to Greek buyers for US$ 14.2m with her ss/dd freshly passed.
Finally the Fantasy type handysize M/V CLIPPER FAITH (29,534 dwt 1998 blt Dalian) has been sold at an auction in Dublin for circa US$ 6.4m to Greeks.
In the Tanker S+P market, Norwegian Owners DSD have sold the M/T STAVANGER VIKING
(105,400 dwt 2004 blt Sumitomo) at region US$ 21.5m. AET’s M/T EAGLE PHOENIX (106,127 dwt, 1998 blt Namura) reported sold to F. Eastern buyers at US$ 9.7m.
A slightly more subdued week in the newbuilding market, with lower levels of activity than we have seen over the past few weeks. Nevertheless, reported orders have very much been focussed on the same sectors that have seen notable levels of ordering so far this year, namely the Ultramax sector in dry and MR product tankers in wet. As we move closer towards the second half of 2013 it will be particularly interesting to see whether demand for newbuildings continues to maintain the pace set over the past six months.
In the dry sector, Golden Ocean announced an order for three firm plus three option SDARI design 64,000 DWT Ultramax at Chengxi. Pricing of these vessels is yet to be disclosed however delivery of the firm vessels was reported for the first half of 2015.
Similarly, just one order to report in the tanker market, with Alterna Capital Partners having placed an order for two firm plus two option 50,000 DWT MR product carriers at Hyundai Mipo. Pricing was undisclosed, however delivery of the firm vessels is planned for 2015 and options in 2016.
In the container market, it is understood that Asiatic Lloyd Shipping have taken over and declared the third and fourth optional vessels in a series of 8,800 TEU container carriers at Hyundai Samho, the original vessels having been ordered by Clients of International Maritime Enterprises. Delivery of both declared options is due for 2015.
In other sectors, JMU have taken an order for two firm 12,000 DWT general cargo steel carriers from China Steel Express Corp., with both vessels for delivery in 2015 and believed to be priced at USD 13.65 Mill each. Finally, Jahre Marine have placed an order for one firm plus one option 6,200 CBM LNG bunkering vessels at AVIC Dingheng. Pricing per vessels is in the region USD 35 Mill with delivery in 2015.
S & P
Another active week for Dry S+P market;
In the Panamax segment the M/V OCEAN SHANGHAI (76.801 dwt 2006 blt Sasebo) reported sold at region US$ 19m to Greek buyers. The M/V KONYO (77,561 dwt 1999 blt Sasebo) is sold to undisclosed buyers for a reported price of region US$ 8m while the Greek controlled Panamax M/V EVRIALOS (68,407 dwt 1987 blt Namura) has been purchased for US$ 4.5m by undisclosed Chinese buyers.
On modern supramaxes it is emerging that clients of Thai Thoresen have purchased the Japanese controlled supramax M/V SIMURGH (54,881 dwt 2005 Oshima) for US$ 17m in an off-market transaction, although this is likely to be an old sale.
In the Handysize segment, the M/V NEW AMBITION (35,313 dwt 2004 blt Shikoku) has been sold to Greek buyer for US$14.35m. The woodchip carrier M/V DAISHIN MARU (38,692 dwt 1996 blt Shin Kurushima) bought by Greek buyers for US$ 3.7m.
The M/V ANGEL ISLAND (28,510 dwt 2004 blt Imabari) is sold to undisclosed buyers for region mid US$ 13m. The Korean controlled handysize M/V SB ROYAL (28,716 dwt 1996 blt Kanasashi) purchased by Chinese buyers for US$ 6.7m.
In the Tanker S+P market, the MOSK controlled VLCC M/T KAIMON II (314,014 dwt 2002 blt Mitsui Chiba) is sold to Altomare for region US$ 29.5m. The IMO II chemical tanker M/T SICHEM DEFENDER (19,999 dwt 2007 blt Fukuoka) is reported sold to undisclosed buyers for US$ 21m.
The fully stainless steel M/T RATIH (10,329 dwt 1996 blt Asakawa) is rumoured to be committed to Korean buyers at low US$ 4m.
The momentum we have seen in the newbuilding market over the past month has been maintained this week with a notable volume of ordering across the key sectors. Having been signed early last week, it has come to light in the past few days that Berge Bulk has signed a contract with Guangzhou Longxue for two firm plus two option 250,000 DWT VLOCs. Pricing is understood to be around USD57 Mill and although delivery of the firm vessels was reported planned for 2H 2014 and the options in 2015 if declared. Just one order to report this week in the Kamsarmax sector, with Wisdom Marine Lines placing an order for two 81,600 DWT bulk carriers at Tsuneishi Zhoushan for delivery in the second half of 2015. Pricing for each of these vessels is understood to be at USD 27.77 Mill. In the smaller sizes, Smooth Shipping are understood to have placed an order for six firm 64,000 DWT Supramax at Sainty Shipbuilding in China on the basis of long term charter. Delivery of the vessels is split between 2014 and 2015, with pricing not disclosed. Additional orders to report this week for the SDARI design 38,000 DWT Handysize design with Aquavita International having contracted two firm vessels for delivery in 2015 as part of a leasing deal with the yard.
A continued focus this week on the clean tanker market with further orders for in the MR and LR2 sectors. Clients of Kyklades Maritime are understood to have placed an order for 2 firm 114,000 DWT coated product tankers at Hyundai Heavy for onward charter to Total. Both vessels are due for delivery in 2015, however pricing was unreported. Guangzhou Shipyard International (GSI) in China has increased its MR orderbook to around 20 vessels, with a contract for four firm plus four option 50,000 DWT product tankers from Trafigura. The firm vessels are planned up for delivery in 2015 with the options in 2016 if declared, pricing was again undisclosed, but understand that likely to be around USD 32/32.5 Mill. At the small end of the scale, there are two orders to report this week in the product and bunkering tanker sectors with an order from Nanjing Zhonggang Shipping for one firm and one option 5,400 DWT product tankers at Chongqing Chuandong Shipyard coming to light. Additionally, although yet to be confirmed, the same yard are understood to have also received an order for a single 7,000 DWT bunkering tanker from SK Shipping, with all the aforementioned vessels and options for delivery in 2014.
A yet unknown German owner is reported to have placed an order for four firm 12,500 DWT MPPs at Nantong Hongqiang. The 700 TEU capacity vessels will each have two 250 tonne cranes, and are priced in the region USD 18.5 Mill. Delivery of these units is planned for the first half of 2015 and the final vessel into the third quarter. Finally in the gas market, Epic Shipping was reported to have contracted two firm 5,000 cbm LPG carriers at Sasaki Zosen, with delivery understood to be in the first
half of 2014.