China, Vietnam, Shipyards Deliver Newbuilds to VSL

By George Backwell
Sunday, June 01, 2014
'Guilia l': Photo VSL

Investors in the shipping & logistics industries VSL, says that in just over a week its first two eco-newbuildings joined its fleet, with the delivery from Vietnam of the 'High Sun' product tanker (in partnership with d’Amico International Shipping – DIS) and the 'Giulia I' dry-bulk carrier from China.

The MR Product Tanker High Sun, delivered byt the Hyundai-Vinashin Shipyard, has a length of 183 metres, a beam of 32 metres, and is of 50,000 dwt, while Giulia I was built at Yangfan in China, of 39,000 dwt, a length of 180 metres and a beam of 30 metres.

Giulia l has been certified by the international classification society RINA. Additionally, she has been granted the notation “EFFICIENT SHIP”, developed by RINA and assigned to ships that are found fuel/energy efficient at a specific speed and deadweight.

VSL says it confirms its confidence in the product tanker and dry-bulk markets, and in particular in the new eco-vessels that offer significant benefits compared to conventional ones in terms of performance, and improved access to strong international clients. VSL expects its investments in eco-vessels will lead to attractive returns on capital for its investors.

The technical features of the two vessels will not only help confront the expected increase in fuel costs, arising from stricter regulations on sulphur emissions in ECA (Emission Controlled Areas), but also result in a greater commercial flexibility with access to contracts with first-class charterers, which are not always available for conventional vessels.

“Our partnership with the d’Amico Group – stated Fabrizio Vettosi, General Manager of VSL –allows us to be at the forefront of the highly competitive international shipping market. The investments made, at very interesting prices, will allow us to further develop our business and to create value for our investors in the medium and long-term, securing higher freight rates and likely capital gains”.

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