China Shipbuilders to Forefront in Active Dry Bulk Sector

Another week of ordering across the sizes in the dry bulk market, say Clarkson Hellas in their latest S+P Weekly Bulletin, with orders to report from Ultramax up to Capesizes vessels.

Large-size bulk carriers
Beihai are understood to have taken an order for one firm plus one option 250,000 DWT VLOC from Sincere Navigation Corporation Enterprises with delivery of the firm vessel in 2016. Beihai have also signed one firm plus one option 180,000 DWT Capesize from Bao-Island Enterprises for 2016 delivery for the firm unit.

Clarkson Hellas understand that Korea Line Corporation have placed orders for three firm 207,000 DWT Newcastlemax and one firm 180,000 DWT at Daehan S.B. with deliveries from 2Q 2016 onwards.

For Kamsarmax, clients of Great Eastern Shipping are understood to have placed an order of three firm units at Jiangsu New YZJ for deliveries spreading from 2Q 2016 to3Q 2016.

More Kamsarmax orders were there for Jinling from SDTR Marine, a JV between Shandong Spg and Transcenden, for six firm plus four option 82,000 DWT BCs. The deliveries for this orders starts from 4Q 2015 till 4Q 2016 for the firm vessels.

Smaller sizes
Horizon Denizcilik are understood by Clarkson Hellas to have signed four firm 64,000 DWT BCs with Zhejiang Yangfan for deliveries in 2015 & 2016, and finally Primebulk has also placed orders of four firm Ultramax at New Times in China.

Source: Clarkson Hellas S+P Weekly Bulletin