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.