Performance Shipping Orders Two LR2 Tankers
Greek shipowner Performance Shipping Inc. announced it has signed two shipbuilding contracts with China Shipbuilding Trading Co. Ltd. (CSTC) and Shanghai Waigaoqiao Shipbuilding Co. Ltd. (SWS) for the construction of two 114,000 DWT LNG-ready LR2 Aframax product/crude oil tanker vessels.The newbuilds, expected to be delivered in January and April of 2026, were ordered at a purchase price of US$64,845,000 per vessel, net of third-party commission. 15% of the purchase price is payable upon receipt of a refund guarantee…
Odffjell to Build Record Size Stainless Steel Chem Tankers
Odfjell has ordered four chemical tankers (with options for an additional four) with stainless steel cargo tanks from China Shipbuilding Trading CO., Ltd. and Hudong-Zhonghua Shipbuilding (Group) CO., Ltd. The ships cost $60m each. The 49,000 dwt ships, with a cargo capacity at 54,600 cbm, reportedly makes them the world's largest stainless steel chemical tankers, according to the Norwegian owner. The first ship is expected to be delivered in June 2019 and the following vessels with three months intervals.
Stolt Tankers Five Stainless Steel Parcel Tankers
Stolt Tankers B.V., a subsidiary of Stolt-Nielsen Limited (Oslo Børs: SNI), has announced that it has reached an agreement with Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong-Zhonghua) and China Shipbuilding Trading Co. Ltd, (CSTC), under China Shipbuilding Group Corporation (CSSC), for five plus three options 38,000 deadweight ton (dwt) stainless steel parcel tankers, with deliveries expected to take place from December 2015 onwards. The agreement is subject to satisfactory financing being obtained. The ships were designed to deliver substantial improvements in fuel efficiency, while providing operational flexibility with their fully stainless steel cargo tanks, cargo pumps, heating and cooling capacity.
IMC To Construct $32.1 Million Chem Tanker
Shipping and trading company IMC Holdings Ltd. on Thursday said it plans to build a $32.1 million chemical tanker in China, scheduled for delivery on May 31, 2003. A company statement said that IMC plans to fund 70 percent of the $32.1 million with loans and the other 30 percent with its internal resources. IMC signed the building contract with China Shipbuilding Trading Co Ltd in Beijing, as well as China and Dalian Shipyard in Dalian.
China Finances $370M Shipbuilding Deal With Iran
The Export-Import Bank of China has agreed to lend $370 million to two state-owned conglomerates contracted to build five oil ships for Iran. The deal marks the largest loan yet by the Eximbank, which was founded in 1994 to help finance Chinese machinery exports. The loans to China Shipbuilding Industry Corp. and China Shipbuilding Trading Co. Ltd. reportedly carry export credit insurance worth $500 million. The contracts with Iran are China's first to build and export oil ships of the 300,000-tonnage size, marking a breakthrough for the domestic shipbuilding industry.
