Monday, July 11, 2011

HI Investment inks 21 newbuilds

South Korean financial entity HI Investment & Securities has booked 21 newbuildings at three Asian shipyards since it was acquired by Hyundai Heavy Industries Group in 2008.

The vessels are on the back of charter contracts and on a speculative basis.


Hyundai Samho Heavy Industries, Hyundai-Vinashin Shipyard and Jiangsu Hantong Ship Heavy Industry are the yards involved.

Hyundai-Vinashin, a joint venture between Hyundai Mipo Dockyard and Vietnam's Vinashin, is building seven bulkers for the Seoul-based investor — a trio of 82,000-dwt kamsarmaxes, two supramaxes and two 36,000-dwt handymaxes.

They will be delivered between the second half of this year and the end of 2012.

At Hyundai Samho, HI Investment has booked three post-panamax containerships of 4,500 teu for delivery in 2013. They are said to have cost around $65.5m each.

Market sources say Hanjin Shipping has bareboat chartered the three boxships for seven years.

As for the newbuildings at Jiangsu Hantong in China, HI Investment is said to have booked 10 Hantong Dolphin-type bulkers of 57,000 dwt for delivery in 2012 and 2013.



Published : July 11, 2011

Source: Asiasis
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