Dayang Shipbuilding News

Alfa Laval said its FCM Methanol will be the low-flashpoint fuel supply system (LFSS) on six 1170 TEU containerships ordered by Eastaway, a member of the X-Press Feeders Group. The new vessel series, to be built at Chinese shipyards Ningbo Xinle Shipbuilding Group Co., Ltd and New Dayang Shipbuilding Co., Ltd, will have two-stroke MAN B&W ME-LGIM engines that can run on methanol as well as conventional fuels. The FCM Methanol deliveries will begin in June 2023.Peter Nielsen, President…

As part of the strategic cooperation agreement signed between SUMEC Marine Company Ltd. and DNV GL last year, SUMEC’s New Dayang Shipbuilding Co., Ltd. and DNV GL have agreed on a Joint Development Project (JDP) to update the Crown 63.5k Bulk Carrier design. The agreement was signed at the Nor-Shipping trade fair in Oslo.The JDP will include the application of the new harmonized common structural rules (HCSR) to the design, as well as a focus on improving the energy efficiency of the design, particularly in the ship board machinery and electrical systems.

New Dayang Shipbuilding, a unit of China's SUMEC Marine Company Ltd and the international accredited registrar and classification society DNV GL have agreed on a Joint Development Project (JDP) to update the Crown 63.5k Bulk Carrier design.The agreement, as part of the strategic cooperation agreement signed between SUMEC Marine Company  and DNV GL last year, was signed at the Nor-Shipping trade fair in Oslo.The JDP will include the application of the new harmonized common structural rules (HCSR) to the design, as well as a focus on improving the energy efficiency of the design, particularly in the ship board machinery and electrical systems.Additionally…

Eagle Bulk Shipping announced that it has acquired a 2015-built CROWN-63 Ultramax bulkcarrier for a purchase price of USD 21.275 million. The vessel was constructed at Yangzhou Dayang Shipbuilding CO.,LTD., the same yard as the nine Ultramaxes acquired by the Company earlier this year, and is of similar design. The vessel is scheduled to be delivered to the Company in January 2018, and will be renamed the M/V New London Eagle. Including the M/V New London Eagle, the Company’s fleet will consist of 47 vessels, including 12 Ultramaxes acquired over the last 12 months. Eagle Bulk Shipping Inc. is a Marshall Islands corporation headquartered in Stamford, Connecticut. Eagle Bulk owns one of the largest fleets of Supramax/Ultramax dry bulk vessels in the world.

Diana Shipping Inc. today announced that, through a wholly-owned subsidiary, it provided a notice of cancellation of the shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd., dated January 8, 2014 (the “Contract”), and Addendum No. 1 to the Contract dated April 21, 2014 with Sumec Marine Co., Ltd. with respect to a Kamsarmax dry bulk carrier, Hull No. DY6006, with an original delivery date of May 31, 2016. The Company has exercised its right under the Contract to cancel the Contract due to a delay in delivery of 150 days after the original delivery date and to claim…

The dry bulk operator Paragon Shipping has reached an agreement with its creditors to liquidate its remaining fleet in order to settle one of its debt obligations. The company agrees to sell its six mortgaged vessels to unaffiliated third parties in exchange for the full and final settlement of the outstanding amount of its syndicated loan facility. "The fleet, consisting of the handysize and panamax bulkers Coral Seas, Golden Seas, Prosperous Seas, Precious Seas, Priceless Seas and Proud Seas, is to be sold to unnamed, unaffiliated third parties," Paragon said. Paragon also says it is in talks with Jiangsu Yangzijiang to extend the deliveries of its three Kamsarmax newbuilding drybulk carriers towards the end of 2016 at no extra cost to the company.

An IMR GPA696 was recently christened and delivered at Dayang Shipbuilding Co. on October 15, 2014, a significant milestone in that the ship is the 200th ship built since the company was founded 10 years ago. Representatives from the government, banks, Bourbon, BV, supervisors and suppliers were on hand. Dayang Shipyard is one of the construction bases of the Sinopacific Shipbuilding Group (SINOPACIFIC). The vessels delivered by Dayang have all been for international clients, and include 142 bulk carriers…

The past week was relatively quiet with no shipbuilding orders seen in the tankship or gas carrier sector, according to the latest Clarkson Hellas S&P Weekly Bulletin. A large order of twelve firm plus eighteen option 64,000 DWT Ultramax vessels was placed from Minsheng Financial Leasing at their compatriot yard in China, CIC Jiangsu. The vessels will be delivered from 2015. Victoria Steamship contracted one firm plus three option 95,000 DWT Bulk Carriers at Jiangsu Eastern due for delivery from 3Q 2015 onwards.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, signed, through a separate wholly owned subsidiary, a shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd., for the construction of a Kamsarmax dry bulk vessel of approximately 82,000 dwt for a contract price of $28,824,900.The company expects to take delivery of the vessel during the second quarter of 2016. Excluding the aforementioned vessel, as well as two new-building Ice Class Panamax dry bulk vessels expected to be delivered to the company during the first quarter of 2014 and two newbuilding Newcastlemax dry bulk vessels expected to be delivered to the Company during the second quarter of 2016…

Diana Shipping Inc., a shipping company specializing in the ownership of dry bulk vessels, has announced that it has signed, through a separate wholly owned subsidiary, a shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd., for the construction of a Kamsarmax dry bulk vessel of approximately 82,000 dwt for a contract price of US$28,824,900. The Company expects to take delivery of the vessel during the second quarter of 2016. Excluding the aforementioned vessel, as well as 2 new-building Ice Class Panamax dry bulk vessels expected to be delivered to the Company during the first quarter of 2014 and 2 new-building Newcastlemax dry bulk vessels expected to be delivered to the Company during the second quarter of 2016…

The SINOPACIFIC Shipbuilding Group signed a newbuilding contract of 4 SPP35 platform supply vessels (PSV) and a Letter of Intention of 2 large SPP50 PSVs with SLOK Nigeria Ltd. The six vessels are scheduled to be delivered by the end of 2014. This marks the first time that independently designed offshore supply vessel (OSV) products of SINOPACIFIC direct selling to the African market, signifying the growing maturity and acceptance of the SP brand within the market. Over the past two years, SINOPACIFIC has successfully sold 20 similar vessels. Reportedly, the two newly contracted types will be built at SINOPACIFIC’s Dayang Shipyard. “Dayang has been focusing on efficiently building bulk carriers.

MHI will provide technological support to Sinopacific in the area of commercial vessel construction. MHI is currently promoting expansion of its engineering business mainly through licensing of technology, while Sinopacific is taking steps to strengthen its shipbuilding business through introduction of technologies from advanced shipbuilders. The respective aims of the two companies thus coincide. As their first collaborative work, the two firms will jointly develop an 82…

Sinopacific Shipbuilding Group, Leading the Supramax Bulk Carrier Market, Secures Order for 4+2 Crown 63 Ships. Sinopacific Shipbuilding Group secured an order for 4+2 Crown 63 (63,500 DWT) Supramax bulk carriers from a foreign ship owner on October 8. The Crown 63 is a new generation bulk carrier which is self designed by Sinopacific Shipbuilding Group. This ship became the focus of attention from around the shipping world as soon as it was introduced on the market, and many orders were quickly received for it.

Sinopacific said it believes Corporate Social Responsibility (CSR) means clinging to the business ethics which includes clinging to lawful business operation, advocating product safety, environmental protection, protection of employee benefits, integrity and responsibility to all stakeholders and etc. The enterprise provides more tax revenue and employment opportunities through legitimate business activities, which fully embodies the CSR, and thus to maximize the desire to contribute to the community. Sinopacific said it will do philanthropy activities while clinging to CSR and make philanthropy activities a kind of business, which provides a driving force for long-term sustainable development of enterprises, as well as promoting the enterprise development to a new level.

Eagle Bulk Shipping Inc. exercised options for the construction of four 58,000 dwt Supramax vessels from the Sinopacific Shipbuilding Group, the parent of the Yangzhou Dayang Shipbuilding Co. at a contract price of $42.3 million per vessel. The availability of these options was initially reported by Eagle Bulk on August 7, 2007. The addition of these vessels to the Eagle fleet increases the total fleet size to 53 vessels, expands capacity to 2.93 million deadweight tons, and improves the fleet's efficiency by increasing the sister ship total to 45 vessels.