NEWBUILDING

Reported ordering this week has been exclusively focussed on the Chinese yards. COSCO Shipyards have announced a number of orders, with two firm plus two option x 82,000 DWT Kamsarmaxes contracted for KC Maritime and a two further 82k Kamsarmax for a European owner. Both orders were placed at COSCO Dalian, with delivery from the later part of 2015 and the majority to be delivered in the first half of 2016. At COSCO Zhoushan, KC Maritime have also increased their orders for 64,000 DWT Ultramax by adding two further vessels taking the total series to four. The latest additions are due for delivery in the first quarter of 2016. At New Yangzijiang, a yet unconfirmed buyer has contracted one firm 82,000 DWT Kamsarmax for delivery in late 2016. Although signed in May, it came to light this week that Densay Shipping added one further Ultramax to their series at Jinling, with three firm vessels now on order. Delivery of the latest unit is in early 2017.
Just one order to report in the tanker market, with Nova Shipping & Logistics (Singapore) contracting two firm 34,500 DWT coated chemical tankers at Taizhou Sanfu. This order marks a return to the chemical Newbuilding market for Sanfu for the first time since 2007, with its more recent ordering focused in the bulk sector. Pricing for this deal is understood to lie in the region of USD 30 Mill per vessel, with delivery from mid-2016 onwards.