Tuesday, February 8, 2011

SPP scores panamax pair

SPP scores panamax pair

Korea's SPP Shipbuilding has won an order for two 76,500-dwt panamax bulkers from UK-basked shipowner Euroceanica.

Reports suggested the order was a replacement contract for two cancelled aframax crude tankers.

However, a spokesman for Italian-backed Euroceanica said that they were “two totally different deals”. He confirmed that the aframaxes had been cancelled.

The two cancelled 113,000-dwt aframax tankers were to be delivered this year, according to data from Clarksons.

The spokesman declined to give a price for the panamax newbuildings. However, as a price comparison six 76,000-dwt panamax newbuildings were contracted in December 2010, by German owner Harren & Partner from China’s Taizhou Catic Shipbuilding for $32.5m each for delivery in 2012-2013, according to Clarksons.

Euroceanica’s two panamax newbuildings are reportedly due for delivery
in 2012 and 2013.

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