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Bulk Orders

MHI & Imabari Shipbuilding Agree Container Ship Collaboration

Mitsubishi Heavy Industries, Ltd. (MHI) and Imabari Shipbuilding Co., Ltd. have signed a technological collaboration agreement on container carriers The initiative aims to combine MHI's technological capabilities, as in the development of energy-saving vessels, and Imabari's strong cost competitiveness, in order to establish an advantageous framework for competing in the international shipbuilding market. By effectively utilizing the shipyards of both companies, together MHI and Imabari will become capable of flexibly accommodating bulk orders - e.g. construction of multiple ships of the same design - thus strengthening and expanding their respective business for high-value-added container carriers. The three-year collaboration agreement, which can be extended upon discussion, encompasses all container carriers, without setting limitations on container carrying capacity or propulsion systems. Going forward, for business opportunities relating to container carrier construction, the two companies will exhaustively consider the appropriate ship type, propulsion system and other technological features to match the shipowner's needs, and propose the optimum solution.
 MHI is recognized as a pioneer in Japan's container carrier construction industry, completing the Hakone-maru, the first Japanese-built container ship, for Nippon Yusen Kabushiki Kaisha (NYK Line) in 1968. To date MHI has built 147 container carriers in total (including vessels currently under construction).


Hyundai Heavy Foreign Ship Orders At $440M

Hyundai Heavy Foreign Ship Orders At $440M South Korea's Hyundai Heavy Industries Co. won $440 million in foreign shipbuilding orders for 11 vessels so far this month. The details are as follows: -Taiwan's Yangming Marine Transport Corp. ordered two 5,500 teu container carriers -A Greek shipping firm ordered two 172,000 dwt bulk carriers -An Indian shipping firm ordered one 75,000 dwt bulk carrier -South Africa's Safbulk ordered four 172,000 dwt bulk carriers


Massoel S.A. Orders Three Bulk Carriers

Swiss shipowner Massoel S.A. reportedly has ordered three Handymax bulk carriers in cooperation with Norway's B Skaugen shipping group. The 46,000-dwt vessels are scheduled for delivery between March and October 2001 from Japan's Mitsui Engineering and Shipbuilding. Skaugen has stakes in two of Massoel's existing bulk carriers while Massoel has an interest in the Norwegian company's Handymax bulk carrier Skaustrand.


JACCAR Holdings Enters Into Gas and Dry Bulk Ownership

Greenship Holdings, a fully-owned Singapore subsidiary of JACCAR Holdings, has established two separate entities to expand into ship-owning and operating activities in the gas and dry bulk sectors. Greenship Holdings is aiming to own and operate advanced, fuel-efficient and environmentally-friendly vessels. Its original commitment, totaling 30 vessels in the gas and dry bulk sectors, with a total investment of around $900 million


China Shipyards Get B.Delta Design Bulker Orders

B.Delta Design Bulker: Photo credit Deltamarin

The latest batch of orders for Deltamarin's B.Delta design bulk carriers comes from international shipowners, all to be built in China. The B.Delta43 order by the German ship owner HBC Hamburg Bulk Carriers at CSC Qingshan Shipyard and the B.Delta37 order by the Tunisian ship owner Transbulk at Yangfan shipyard are the latest additions to Deltamarin’s B.Delta series. On top of these new orders, China Navigation Company (CNCo) has exercised an option for another four B


W Marine Orders Green Dolphin 84s Bulk Carriers

Greek shipowner W Marine Inc. has ordered a series of post-Panamax bulk carriers based on the Green Dolphin 84S design. The design was developed by the Shanghai Merchant Ship Design & Research Institute (SDARI) with support from DNV GL. Managing Diriector of W Marine Inc., Nikolaos Triantafyllakis said, “The aim of the company, in line with the wishes of its founder, Yiannis Sarantitis, is to build up a homogeneous fleet of vessels ranging in size between Panamax to post-Panamax


Japanese Foreign Ship Orders Increase

Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4 percent compared to orders received a year earlier, a spokesperson said. Thirty-five orders were for bulk carriers, seven for freighters and two for oil tankers. The statistics cover orders received by association members for steel vessels of 500 gt or more.


W Marine Orders Green Dolphin 84s Design Bulk Carrier

Green Dolphin 84S design

  Greek shipowner W Marine Inc. has ordered a series of post-Panamax bulk carriers based on the Green Dolphin 84S design. The design was developed by the Shanghai Merchant Ship Design & Research Institute (SDARI) with support from DNV GL. Managing Diriector of W Marine Inc., Nikolaos Triantafyllakis says: “The aim of the company, in line with the wishes of its founder, Yiannis Sarantitis, is to build up a homogeneous fleet of vessels ranging in size between Panamax to


Great Eastern Shipping to Sell Large Cargo Ship

Picture: Great Eastern Shipping Company Ltd

 India's largest private sector shipping firm Great Eastern Shipping Company Ltd. (GE Shipping) has signed a contract to sell a 1996-built capesize dry bulk carrier Jag Arjun by this March-end.  "The vessel will be delivered to the buyers during the fourth quarter (January-March) of the current fiscal," the company said in a statement.   Capesize dry bulk carriers, the largest cargo ships plying in international waters, are mainly used to transport coal


Scorpio Bulkers Sells Three Vessels

Photo:  Scorpio Bulkers

 Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m to an unknown buyer.   The two capes are currently under construction in China and in South Korea, and will be delivered between Q3 2015 and Q2 2016.    The ultramax bulk carrier is being built in China and will be delivered within the first three months of 2016, Scorpio says.   Last week Scorpio Bulkers announced it was selling seven newbuildings for $290m


New Record Year in Dry Bulk Demolition Underway - BIMCO

Demolition activity in 2015

  The monthly average for the first six months in 2015 is 3.3m DWT. In 2014 the first half year averaged at 1.33m DWT per month.   April 2015 saw 5.36 million DWT being retired from active service, which was the highest on record ever for a single month


Record Bulk Shipping Demolition Rates in 1H15

Graph: BIMCO

 Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year. This included a record 5.36 million DWT in April – the highest on record for a single month.   


South Korea Tops in Shipbuild Orders

Photo: Hyundai Heavy Industries Co

 South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve


Diana Agrees Charter for M/V Coronis

mv Coronis Photo Rene Bergh

  Diana Shipping Inc. announced today that through a separate wholly-owned subsidiary, it entered into a time charter contract with Sandgate Maritime Ltd for one of its Panamax dry bulk vessels, the m/v Coronis. The gross charter rate is US$6,500 per day


The Hour of the Wolf for Panamaxes - Platts Report

Shipowners operating in the trans-Atlantic dry bulk

Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand, could be facing brighter days, according to the latest special report released by Platts


Globus Maritime Reports Q1 Loss

Image: Globus Maritime Limited

 Greece-based dry bulk shiping company, Globus Maritime has been pushed back into the black by miserable dry bulk rates, but the company has said that it is awaiting market improvements within 2015.    George Karageorgiou, President


Star Bulk Sells Star Christianna

  Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Christianna (a 74,577 dwt Panamax vessel, built in 1998) to an unaffiliated third party.


Svitzer Orders Pair of Damen Tugboats

Photos courtesy of  Damen

Svitzerhas ordered two more Damen ASD 3212 tugs with 80 tons bollard pull performance for its escort and towing operations on the Thames and Felixstowe. They are being built at Damen’s ong Cam Shipyard in Vietnam and will be delivered to Svitzer UK in October 2015.


Scorpio Bulkers Charters Out Newbuild Bulker

Dry bulk marine transport provider Scorpio Bulkers Inc. announced today that it has agreed to time charter-out the SBI Montesino, a Capesize vessel that is currently under construction in South Korea with delivery expected in July, 2015. Upon delivery from the shipyard


Hyundai Sees Mega Ships Leading Global Demand

Pic: Hyundai Heavy Industries Co

 As the demand for mega vessels has increased, Hyundai Heavy Industries Co. expects mega- sized container ships to lead global orders until early next year as shipping companies seek ways to cut costs, reports Bloomberg. Hyundai Heavy is the world’s biggest shipbuilder.  


Shipping Confidence at 7-year Low -Survey

File photo

Overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


COSCO Receives Fund for Fleet Renewal

Image: China COSCO Holdings Company Limited

 China COSCO Holdings Co Ltd says it has received ship scrapping subsidies for about 3.96 billion yuan ($638.71 million).    It came through China Ocean Shipping, the controlling shareholder of the company, for the decommissioning and upgrading of vessels.  


Confidence Low in Shipping Idustry

Image: International Chamber of Shipping (ICS)

 Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry, a survey by Moore Stephens, a London-based consulting firm finds.  


Mega Valemax Enteres China for First Time in Two Years

 Valemax “Yuan Zhuo Hai”. Pic: China Ocean Shipping Company (Cosco)

 Mega-ore carrier  Valemax  Yuan Zhuo Hai, which is owned by China Ore Shipping,  has arrived Dongjiakou Port in Qingdao for unloading iron ore. This is the first entry of such a bulk carrier tonnage in the sea port of China for the past two years.  


WISTA Seminar on Dry Bulk Receives Wide Response

T V Shanbhag, Ex- Chief Controller of Chartering, Government of India being felicitated

  A Shipping Seminar on "Dry Bulk Chartering, Operations and Arbitration”  held on 27th June 2015 at the Narottam Morarjee Institute of Shipping, Nariman Point, Mumbai was well attended. The event which saw good response from WISTA members was orchestrated by WISTA Jt






 
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