Friday, November 9, 2012

[Ship Building] New orders edge up

New orders edge up

Newbuilding orders for commercial ship market appears to pace up with newbuilding enquiries for bulker, containership, etc., being on the march.

Guangzhou Shipyard International has recently inked an order to build three firm VLCC tankers with options for two vessels from compatriot owner Dalian Ocean Shipping Company. Brokers believe these vessels will be delivered from 2015 onwards with prices estimated in the mid $80m.

Also, Bohai Shipbuilding Heavy Industry has booked two plus two VLCCs from China Venezuela Shipping.

As for bulker segment, Universal Shipbuilding of Japan is reported to have awarded an order for one ice-class handysize bulker from Canadian owner Fednav, with delivery slated for the end of 2013. Namura Shipbuildings and Onomichi Dockyard won a total of four bulkers in various sizes - handymax, panamax and capesize - from Taiwan's Shih Wei Navigation.

Meanwhile, active demolition continues until recently. According to Lion Shipbrokers, Bangladesh and Pakistan markets are paying firm levels of $380-410/ldt for bulkers, $390-$430/ldt for tankers and $385-$420/ldt for boxships.

India pays $410-$420/ldt, $425-$435/ldt and $420-430/ldt for bulkers, tankers and containerships, respectively, while China makes a payment of $330-$340/ldt, $345-$355/ldt and $340-350/ldt.

Turkish market, particularly, buys at the lowest prices - $285-$295/ldt, $300-$310/ldt and $295-$300/ldt each.



Published : November 8, 2012


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