NEWBUILDING

A relatively steady week in the newbuilding market in terms of volume of ordering. In Dry, Sungdong Shipbuilding have signed
contracts with Teh-Hu (Hong Kong) for one firm plus one option 180,000 DWT Capesize, with delivery in the third and fourth quarters
of 2016. Clients of Victoria Steamship are understood to have ordered three firm plus three option 64,000 DWT Ultramax at Nantong
Hongqiang. This follows their previous order for the same quantity of Ultramax at Jiangsu Haitong last month, with these latest orders
for delivery from late 2015 onwards.
Just one order in tankers, with clients of Polembros Shipping contracting two firm plus two option 159,000 DWT Suezmax at HHI.
Delivery of the firm vessels is within the first half of 2016 and options later in 2016 if declared.
This week DSME have taken orders for a total of nine Arc 7 rated 172,000 CBM LNG carriers, with three units from a joint venture
between CSDC & MOL and six for a JV between Teekay & China LNG Shipping Int. Delivery of the first units is due within 2018.