China Shipyards Gain Huge VLOCC Orders

Press Release
Friday, May 03, 2013

Singapore’s Berge Bulk to sign a LOI for the constructions with CSSC Guangzhou Longxue Shipbuilding & CSIC Bohai Shipbuilding Heavy Industry.

Singapore’s Berge Bulk is planning to place an order for up to eight very large ore carriers (VLOC) at China’s two state-owned shipyards.

The eight newbuildings are scheduled for delivery in 2014 and 2015 and are expected to cost around $57-58m per ship.

Meanwhile, Berge has proceeded with a newbuilding project for four 388,000dwt VLOCs at Bohai’s yard and the last vessel of the newbuilding series, ‘Berge Neblina', was delivered earlier this year.

Furthermore, CSIC Bohai is said to be additionally constructing two 210,000 dwt bulkers for the owner, which are slated for delivery in 2014 and 2015.

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