Global Ocean Trade: Latest Shipbuilding Orders

A relatively steady week in the newbuilding market in terms of volume of ordering remarks Clarkson Hellas in their latest S&P Weekly Bulletin, most for LNG carriers.

Dry bulk carriers
In Dry, Sungdong Shipbuilding have signed contracts with Teh-Hu (Hong Kong) for one firm plus one option 180,000 dwt Capesize, with delivery in the third and fourth quarters of 2016.

Clients of Victoria Steamship are understood by Clarkson Hellas to to have ordered three firm plus three option 64,000 dwt Ultramax at Nantong Hongqiang. This follows their previous order for the same quantity of Ultramax at Jiangsu Haitong last month, with these latest orders for delivery from late 2015 onwards.

Tankships
Just one order in tankers, with clients of Polembros Shipping contracting two firm plus two option 159,000 dwt Suezmax at HHI. Delivery of the firm vessels is within the first half of 2016 and options later in 2016 if declared.

LNG carriers
DSME have taken orders for a total of nine Arc 7 rated 172,000 cbm LNG carriers, with three units from a joint venture between CSDC & MOL and six for a JV between Teekay & China LNG Shipping Int. Delivery of the first units is due within 2018.

Source: Clarkson Hellas S&P Weekly Bulletin