Deltamarin Design Picked up by Chinese Yard
Deltamarin signed an agreement with the Chinese Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd. (http://shiprepair-xgsy.com) for the design of fourHandymax Bulk Carriers to be built for the French shipowners Louis Dreyfus Armateurs. Deltamarin will take care of the Basic and Detail design of the vessels as well as Technical Procurement handling and will also have a site team to take the design to production. This is the first order for the B.delta37 standard bulk carriers, which have evoked the interest of the market with their improved cubic capacity and especially the extremely low fuel consumption compared to other available designs. The overall vessel length will be below 180 m and the beam 30 m. The service speed at design draft is 14 knots.
SSY Helps Raise $95m for Five Bulkers
Thomas M. Kane, President of SSY Capital LLC, announced the completion of a $95m facility for the acquisition of five handysize bulkers on behalf of their client Pacific King Shipping Holding Ltd. Pacific King of Singapore is undergoing a fleet modernization program to keep pace with the growing market demand. Founded in 1998, Pacific King Shipping is primarily engaged in ship owning and chartering as one of the leading providers of log transportation in Southeast Asia, the People’s Republic of China and India, as well as other cargoes globally. The addition of these five ships brings the fleet total to 28.