SALE AND PURCHASE MONTHLY REPORT 05/05/2011

I hope u all had a good easter break coz the summer is expected to be hot and I am not talking abt the temperature! Lets begin from the Newbuildings…
Ceres ordered two more 155,000 cbm LNG carriers at Samsung they have two more options left. Golar agreed to pay $1,2 billion to Samsung to build six 160,000 cbm LNG carriers, they also have 2 similar options attached while petredec have declared an option for a 82,000 cbm LPG carrier in Hyundai and veder have also declared an option for a 6500 cbm ethylene carrier in china.

Tabuchi kaiun ordered three 3500 cbm pressure ships in shitanoe while embirikos went to Hyundai for two option two 6700 teu containers.  Ship finance went to shanghai new shipyard for four 4800 teu containers costing $57,5 mill each which will go on tc to hamburg sud for 7 years at $26250 net daily moreover east med agreed with Guangzhou wenchong to build two 1700 teu containers costing $28 mill each and with SPP another three plus one same types costing $30 mill each.

Full article, ELNAVI magazine, Issue 449-May 2011, Page.61

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