Jiangsu New Yangzi Shipbuilding Co News

Klaveness Combination Carriers ASA (KCC) announced it has concluded a shipbuilding contract for the construction of three third generation CABU vessels with Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd in line with the letter of intent (LOI) announced May 23, 2023.Compared to the existing CABU vessels built 2001-2002 that the newbuilds will replace, the vessels are estimated to have 25-30% higher earnings capacity and around 35% lower CO2 emissions due to increased cargo carrying capacity and substantially lower fuel consumption…

Bulgarian shipping company Navigation Maritime Bulgare (Navibulgar) ordered a new series of four 31800 ton bulk carriers in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co.The century-old, largest ship-owning company in the country said in a press note that the deliveries are scheduled for 2021 and 2022.DNV- GL classification society is supervising the design and the construction process of the new lake fitted bulk carries. Navigation Maritime Bulgare possesses already other eight lakes fitted bulk carriers with DWT about 30,000 tons.The design of the new project has been jointly developed by the Chinese company Shanghai Odely Marine Engineering Co., Ltd and Navigation Maritime Bulgare.

The flag of the second 45,500 dwt bulk carrier, ordered by Navibulgar was hoisted in the Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co. Ltd.The godmother Mrs. Wang Xiaoying - Deputy General Director, Operational Department of Export Import Bank of China named the newly built vessel “Midjur” and wished her happy sailing.The naming ceremony in the Chinese Shipyard is part of the celebration events of the 70th anniversary of the establishment of diplomatic relations between China and Bulgaria.Officials included the Deputy Minister of Transport, Information Technology and Communications Velik Zanchev, Grigor Porojanov - Ambassador Extraordinary and Plenipotentiary of the Republic of Bulgaria to the People's Republic of China…

Chinese Shipyard Jiangsu New Yangzi Shipbuilding Co. Ltd. Was hoisted the flag of the first 45,500 dwt bulk carrier, ordered by Navibulgar.The godmother Mrs. Zhang Yingchun - Deputy General Manager, Operational Department of Export Import Bank of China gave to the newly built vessel the name Plana and wished her happy sailing.The party was joined by the CEO of Navibulgar Capt. Alexander Kalchev and other Company managers. First Master of the vessel is Capt. Gancho Hristov, and first chief engineer – eng. Dimitar Ganchev.Mv Plana is the first vessel from the project Bluetech 45, development of the successful project Bluetech 42, based…

Norway's Klaveness Combination Carriers (KCC) has raised 350 million Norwegian crowns in a private share placement, valuing the shipping firm at 2.27 billion crowns ($259.57 million) ahead of an Oslo stock market listing on May 22.Following the successful private placement, KCC has declared two options for the construction of the seventh and eight CLEANBU combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China.The two newbuilds are scheduled for delivery in January and February 2021. Following the declaration, the KCC fleet will grow to 17 vessels within 1st quarter of 2021. The company holds options for further vessels.“We…

Norway-based shipowner Klaveness Combination Carriers (KCC) has declared an option for the construction of a sixth combination carrier, CLEANBU, with Jiangsu New Yangzi Shipbuilding Co., Ltd in China.The delivery date is scheduled for fourth quarter 2020. The construction of the five sister vessels is progressing in line with schedule and the first vessel will be delivered in December 2018/January 2019.Following the declaration, the KCC fleet will grow to 15 vessels by the end of 2020. The company holds options for further vessels.“We are very happy to grow the CLEANBU fleet further and believe we are well positioned to capitalize on the improving product tanker and dry bulk markets.

Norwegian shipping company Klaveness Combination Carriers AS holds several attractive growth options and is now launching a contemplated private placement of shares with total gross proceeds of approximately USD 45-70 million.The owner and operator of modern combination carriers said that current investors, management and previous CABU investors will subscribe for USD 25 million.Klaveness Combination Carriers AS (KCC), with its nine CABU vessels in operation and five CLEANBU vessels on order, is the leading owner and operator of modern combination carriers. Combination carriers are vessels able to transport both dry and wet bulk cargoes in the same cargo holds.Through this…

Norwegian shipping company  Klaveness Combination Carriers (KCC) has declared an option for the construction of a combination carrier with Jiangsu New Yangzi Shipbuilding Co., Ltd in China. The delivery date is scheduled for second quarter 2020. KCC already has four sister vessels under construction at the same yard with delivery in 2018-2020. Following the declaration, the KCC fleet will grow to 14 vessels by 2020. The company holds options for further vessels. "Our fleet of combination carriers and container vessels set standards for efficient and environmentally friendly shipping. Klaveness has a history of developing innovative ship designs, challenging the status quo of sea transport," says the dry bulk owner company.

Seaspan Corporation said it has accepted delivery of the CMA CGM Cochin, a 10,000 TEU containership that will commence a fixed rate time charter with CMA CGM S.A. for a three year term with an option to extend for an additional three years.The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. and Jiangsu New Yangzi Shipbuilding Co., Ltd., is the second in a series of four 10,000 TEU vessels under time charter to CMA CGM that are scheduled to deliver in the first half of 2018.

Great Eastern Shipping Company (GE Shipping) took delivery of a new building resale Kamsarmax Dry Bulk Carrier ‘Jag Aalok’ of about 82023 dwt. According to a report in the Livement,  the company had contracted to buy the ship in April 2016. The vessel has been built at Jiangsu New Yangzi shipbuilding Co. Ltd., P.R. China. With the inclusion of this vessel, the Company’s current fleet stands at 35 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 12 dry bulk carriers (1 Capesize, 6 Kamsarmax, 5 Supramax) with an average age of 9.35 years aggregating 2.75 mn dwt. Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China. With the inclusion of this vessel, the company's current fleet stands at 33 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 10 dry bulk carriers (5 Kamsarmax, 5 Supramax) with an average age of 9.97 years aggregating 2.48 mn dwt.

Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's sixth 10000 TEU SAVER design containership delivered in 2014. This is the ninth 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Breeze will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. ("MOL"). The ship is the third of a total of five 10000 TEU SAVER design vessels, and the ninth of a total of eleven vessels, to be chartered by Seaspan to MOL. The delivery of the MOL Breeze expands the Company's operating fleet to 77 vessels.

The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701 dwt will be delivered to the buyers in the second half of 2014-15. On 21st May this year the company had delivered its 1996 built Medium Range Product Tanker “Jag Padma” (47,172 dwt) to the buyers. Excluding “Jag Vidhi”, the Company’s fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 12 product carriers) and 8 dry bulk carriers (1 Capesize, 3 Kamsarmax and 4 Supramax) with an average age of 9.5 years aggregating 2.32 mn dwt. The company has six new buildings on order. A Medium Range (MR) Product Tanker is on order with STX (Dalian) Shipbuilding Co. Ltd.,China.

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Hanjin Tabul. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd. using Seaspan's fuel-efficient SAVER design, is Seaspan's third of five 10000 TEU SAVER design containerships scheduled for delivery in 2014. The Hanjin Tabul will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd. ("Hanjin"). The ship is the third of a total of three vessels to be chartered by Seaspan to Hanjin, and expands the Company's operating fleet to 74 vessels.

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the Hanjin Namu. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd. using Seaspan's fuel-efficient SAVER design, is Seaspan's second of five 10000 TEU SAVER design containerships scheduled for delivery in 2014. The Hanjin Namu will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd. ("Hanjin"). The ship is the second of a total of three vessels to be chartered by Seaspan to Hanjin, and expands the Company's operating fleet to 73 vessels.

Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd. The ship is the first of a total of three vessels to be chartered by Seaspan to Hanjin, and expands Seaspan's operating fleet to 72 vessels. Gerry Wang, Chief Executive Officer, Co-Chairman and Co-Founder of Seaspan…

Seaspan Corporation orders 4 newbuild 10,000 TEU container ships and, buys 4 second-hand 4,600 TEU ones. Seaspan has signed contracts for the construction of four 10,000 TEU class newbuilding containerships, at Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd. in China. The vessels are scheduled for delivery in 2014 and will be constructed using Seaspan's fuel efficient SAVER design. Concurrently with executing the newbuilding contracts, Seaspan signed long term, fixed-rate time charters for these vessels with Mitsui O.S.K. Lines, Ltd. ("MOL"). In connection with this transaction, Seaspan has also agreed to purchase from MOL four 2003-built 4…

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.

According to a report from Channel News Asia, Singapore-listed shipbuilder Yangzijiang said its unit, Jiangsu New Yangzi Shipbuilding Co, has entered into an agreement to build eight container ships for German firm Peter Dohle.    Source: Channel News Asia

Seaspan Corporation announced that it has signed contracts to build four 4250 TEU vessels at Jiangsu New Yangzi Shipbuilding Co., Ltd. in China. These new orders are in addition to the ten 2500 TEU vessels Seaspan previously ordered from Jiangsu Yangzijiang Shipbuilding Co., Ltd., a shipyard affiliated with Jiangsu. The four newbuilding vessels are scheduled to be delivered between March and September, 2009. The total delivered cost is expected to be approximately $66.1m per vessel, subject to certain pre-delivery expenses remaining at budgeted levels. Seaspan also announced that it has arranged simultaneous six-year charter agreements for these four vessels with Compania SudAmerica de Vapores SA (CSAV) of Chile at a rate of $25,925 per day.