Latest Newbuildings: Ultra-large Boxship Orders Predominant

Marine Link
Wednesday, September 04, 2013
Image courtesy of Maersk Line

With the summer holidays slowly drawing to a conclusion the newbuilding market has remained relatively quiet this week, though Clarkson Hellas Weekly S+P anticipate activity to pick up again shortly.

Somewhat reflective of this subdued activity is that Clarkson have seen no new orders reported in the dry bulk this week, which contrasts directly with the activity witnessed in this sector so far this year. That being said, the market has however witnessed further activity in the medium size tanker sector as well as in the larger sizes of both the gas and particularly containers markets.

Starting with wet - Clarkson Hellas have seen a number of options for medium sized product tankers being declared this week. Firstly, it is understood that Wilmar Holdings have extended their series of 52,000 DWT MRs at Hyundai Vinashin to six vessels having declared a further four options. Although pricing remains undisclosed, delivery of all four vessels is planned for 2015.

Clients of Horizon Tankers have re-entered the newbuilding market with an order for two firm plus two option MRs at Sungdong. Whilst pricing is undisclosed it is understood delivery of the firm vessels will be in the second half of 2015.

In the gas market, clients of Maran Gas are reported to have placed further orders for large LNG carriers, this time with an order at Hyundai Heavy Industries for two firm plus two option 174,000 CBM LNG carriers. This takes the owners total orderbook for this type of vessel to close to 20, with orders already at DSME and Hyundai Samho. Delivery of this latest order is planned for the second half of 2016 with the options in 2017 if declared.

Container ships

Clarkson Hellas took a look at box ships and the continuing trend to order the ultra-large sizes. Further to the aforementioned LNG order, HHI are also understood to have taken orders for five firm of each 18,000 TEU and 14,000 TEU size container carriers from UASC, with an additional option for a single 18,000 TEU vessel and upto six of the 14,000 TEU size. Delivery is reported to begin from the end of 2014 with the majority of vessels due to be delivered within 2015.

Similarly, Seaspan are reported to have placed an order for five firm 14,000 TEU container vessels at CSBC in Taiwan, although with slightly later delivery in 2016.

Finally, Clarkson Hellas understand that Hong Kong Asset Management (HKAM) have declared their options and ordered a further three 18,000 TEU container vessels at DSME, with all three for charter to MSC following delivery from the end of 2015.

These most recent orders bring the total number of contracts for container carriers above 13,000 TEU to around 35 vessels so far this year alone, with the total orderbook for 18,000 TEU carriers now to over 30 firm vessels.

Source: Clarkson Hellas Weekly S+P Bulletin


Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


IHC Services Secures Dredger Repair Contract

IHC Services, a subsidiary of Dutch shipbuilder and repairer Royal IHC, informs it has secured an order for a renovation project for a dredging vessel owned by Huta Marine Works Ltd in Saudi Arabia.

Kruszewski Joins Braemar Engineering

Braemar Engineering, the specialist maritime engineering consultancy, today announced the appointment of Chis Kruszewski to the role of Senior Electrical Engineer in its Offshore,

Damen's Third Ferry for South Korea

All good things come in threes as Damen delivers the third vessel of the year, from the Damen Fast Ferry (DFFe) series to South Korean operators. Having already


Japan’s First ME-GI Engine Passes Factory Tests

The factory acceptance test (FAT) of the first ME-GI engine in Japan recently took place at the Tamano Works of Mitsui Engineering & Shipbuilding Co., Ltd. (MES),

Damen's Third Ferry for South Korea

All good things come in threes as Damen delivers the third vessel of the year, from the Damen Fast Ferry (DFFe) series to South Korean operators. Having already

Thyssen Taps Anil Group for Sub Bid

Diversified German conglomerate ThyssenKrupp AG has initiated talks to partner Anil Ambani-led ADAG in building up to 12 submarines in a contract expected to be worth Rs50,000 crore ($7.


MARAD to Fund Study on LNG Conversions

MARAD provides funding to further study LNG as marine fuel for containerships The U.S. Maritime Administration (MARAD) announced it has entered a $900,000 cooperative

Epic Gas Secured Credit Facility for 7 Newbuilds

Epic Gas Ltd has closed a new USD 120 million post-delivery senior secured credit facility to finance its remaining seven owned vessels under construction.   The

Singapore Offers Funding to Build LNG Vessels

Singapore Offers Funding to Build LNG Vessels   Port of Singapore offers S$12 million funding for building of LNG-fuelled vessels as Singapore advances LNG bunkering


New Jersey Transportation Chief to Resign

New Jersey Governor Chris Christie on Friday said his transportation commissioner Jamie Fox would step down by the end of the month to return to the private sector after only a year in the position.

Life Ring Found from Cargo Ship Missing off Bahamas

A life ring has been found from the cargo ship El Faro, which went missing on Thursday after sailing through Hurricane Joaquin in the Bahamas, the U.S. Coast Guard said on Twitter on Saturday.

Eletrobras says Compensation for Hydro Plants Could be $330 mln

Brazil's state-run utility Eletrobras said on Friday a report into six hydroelectric plants found the assets had a remaining value of 1.3 billion reais ($332

Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2660 sec (4 req/sec)