Newbuilding Activity Going From Strength to Strength | Hellenic Shipping News Worldwide
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Ship Owners Are Snapping up Bulkers in the Newbuilding Market
Ship owners are contracting more bulkers in the newbuilding market. In its latest weekly report, shipbroker Allied Shipbroking said that it was “another week with few dry bulk transactions coming to light in the newbuilding market, but with some very interesting underlining trends being shown. The main focus shifted this week on the order for 5+5 Kamsarmaxes placed by Nisshin Shipping, a size segment that has seen vivid interest from several buyers in the year so far. Despite the positive trends being noted in terms of freight rates over the last few months, new ordering activity has not ramp up to respective levels that one would consider when looking at past market cycles. However, persistent high earnings will inevitably push buyers over to the newbuilding market and thus we do expect activity to ramp up further over the coming months. In the tanker market, the disappointing freight levels continue to trim buying app
Photo: Gerd Altmann - Pixabay Jiangsu Hantong Ship Heavy Industry has announced an order for ten 82,000dwt kamsarmax bulk carriers from regular customer Nisshin Shipping.
The two parties signed the newbuilding contract via online meeting.
It is the fourth batch of shipbuilding orders that Nisshin Shipping has placed at Hantong Ship Heavy Industry. The shipyard had already delivered 18 bulk carriers to Nisshin to date.
The 10 bulk carriers are scheduled for delivery before August 2023.
Hantong inks deal for 10 bulkers with Nisshin April 19, 2021, by Jasmina Ovcina
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has won an order for the construction of ten 82,000-ton bulk carriers from Japanese shipowner Nisshin Shipping.
The bulkers are scheduled for delivered before August 2023. The value of the contract has not been disclosed.
This is the fourth batch of newbuilding orders placed by Nisshin at Hantong since 2013. The shipyard has completed and delivered 18 bulk carroers of different tonnages to the company so far.
“Hantong wins the solid trust from Nisshin by its high quality and timely delivery once again. This time, the two parties efficiently completed the negotiation and signing of contracts and specifications for 10 of the 82,000-ton bulk carriers within three weeks,” the shipbuilder said announcing the deal.
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