Latest Global Shipbuilding Orders

With the newbuilding market remaining quiet towards the end of August, Clarkson Hellas S+P Weekly Bulletin reports a limited number of dry bulk carrier orders in the Capesize sector, with few orders in other sectors as follows:

Rizhao Steel (Cara Shipping) are understood by Clarkson Hellas to have contracted two firm 180,000 DWT Capesize at both Dalian and Qingdao Beihai, with an additional two options at the latter. These orders are understood to have been concluded in the middle of this year, with delivery of the first vessel from Beihai lined up for 2015 and the remainder all due in 2016.

Tankships
Following a limited number of new orders so far this year, the VLCC orderbook, which currently stands at around 50 vessels, has seen the addition of two firm plus two option 300,000 DWT crude tankers from Metrostar at HHI. Although pricing remains undisclosed delivery of both firm vessels is planned for the first half of 2016.

In the product tanker market Clarkson Hellas understand Clients of Capital Ship Management have declared two options in a series of 52,000 DWT MR's at Samsung Ningbo. These most recent contracts are both for delivery in 2016 and take the total series to six vessels.

Container ships
Clarkson Hellas reports a polar opposite week of ordering in the container market with a small number of orders in the feeder sizes compared to the numerous orders for 14-18,000 TEU behemoths seen last week. Firstly, CMA CGM are understood to have converted a previous Con-Ro order into a series of three firm 2,100 TEU geared container carriers at Hyundai Mipo, with all the vessels due for delivery in 2015. The reported price for these ships is reflective of this restored order at USD 34 Mill.

Clients of Lomar Shipping are understood to have declared options for the third and fourth in a series of 1,100 TEU feeder vessels at Jiangsu New Yangzijiang, similarly for delivery in 2015 and if the same pricing as the Vessels ordered last year, we expect it to be around USD 18 Mill for these geared ships.

Gas Carriers
Clarkson Hellas report further ordering in the large LNG carriers, with Samsung tanking an order for two firm 174,000 LNG vessels from FLEX LNG. Pricing is understood to be just under USD 200 Mill per vessel with delivery of both in the first quarter of 2017.

Pure Car Carriers
K- Line contracting a total of four firm 7,500 CEU PCTCs in Japan, with half the order split between Shin Kurushima and JMU. Delivery of the series is within 2015, although pricing was undisclosed.

Source: Clarkson Hellas S+P Weekly Bulletin