NEWBUILDING

In the dry sector, this week’s reported ordering has been focussed primarily on smaller sizes with Handysize and Supramax seeing the majority of orders. The Japanese yards appear to have had their fair share of the orders this week with JMU Yokohama contracting two 61,500 DWT Supramax for Oldendorff Carriers with delivery of both vessels in the second half of 2014. This week it has come to light that Norden have increased their orderbook with contracts for a further four 56,000 DWT Supramax. These vessels, thought to have been committed in the first quarter of this year, are planned for delivery in 2015 with the orders split across a number of Japanese yards.

Notable ordering in the Handysize sector this week starting with D’Amico Ireland extending their orders at Zhejiang Yangfan by declaring an option for the 7th 39,500 DWT in the series. Delivery of this newest vessel is lined up for 2015 with pricing in the region USD 22.3 Mill. Transbulk have continued the ordering at Yangfan placing a contract for two firm and two option 39,500 DWT Handysize with delivery of the firm vessels in 2015 and pricing in the region USD 23 Mill. Korean owned Chinese facility, Weihai Samjin is understood this week to have taken an order for four firm

plus four option 36,700 DWT Handysize from German owner Vogemann, taking the yard’s Handysize orderbook to over 20 vessels. Pricing is understood to lie in the region USD 22.3 Mill and delivery of the firm vessels from end of 2014 and options in 2015 if declared. Lastly in dry, Wisdom Marine Lines are reported to have placed an order for a single 35,300 DWT Handysize at Tsuneishi Zhoushan with delivery in early 2015.

There has been limited activity away from dry cargo this week, with a single order for 8,000 DWT General Cargo vessel for POSCO at Chonhaiji and two 1,500 DWT Passenger/Car Ferries from Canadian owner Societe des Traversiers du Quebec at Canadian yard Davie Industries. The latter vessels, which will have capacity to carry 800 passengers and 180 cars, will also interestingly be LNG fuelled with delivery from mid‐2015.