NEWBUILDING

The newbuilding market has remained relatively active, with further reports of new ordering this week.

In Dry, although understood to have been concluded towards the end of 2012, this week it was reported that Japan’s Namura Shipbuilding received a further four orders for their 34,000 DWT High‐Bulk design from Clients of MUR Shipping, bringing the total number of this design on order at the yard to 10 vessels. Although pricing was undisclosed, delivery of these recently reported additions will be split between 2014 and 2015. This week we have also seen further orders for the SDARI 64 design, this time for four firm plus four options ordered by Wah Kwong at Chengxi Shipyard. To remind you, this yard delivered the first of the SDARI 64 design at the end of March. Delivery of the firm vessels is planned for 2015 and the options in 2016. In the Kamsarmax sector, U‐Ming were reported to have declared the 3rd and 4th options in a series of 84,000 DWT wide‐beam bulk carriers from Oshima Shipbuilding. Both vessels are understood to be for delivery in 2014. Having reported new Capesize orders almost every week so far this year, it was no surprise that orders for a further two plus two 180,000 DWT Capes came to light this week. The order was placed by Clients of Quintana Ship Management at Sungdong Shipbuilding, with delivery of both the firm vessels and options, if declared, in 2015.

In Wet, although limited ordering this week a further LR2 has been added to the orderbook with Clients of Densa Shipping reportedly declaring an option for one 106,000 DWT LR2, with delivery in the first quarter of 2015. In the other sectors, there is just one RO‐RO order to report this week with Nordana Line having contracted a single 11,000 DWT vessel at Visentini in Italy.