Yards around the world are starting to get nervous.. not only are prices weakening fast but at this current point the majority of newbuilding prices barely cover the yards costs! If we exclude the sporadic order for LNG’s or LPG’s the yards are struggling to fill their 2013 berths and they are sure that if they don’t succeed soon not only will they have to face even lower prices but also probably a complete lack of new orders if the economic situation in Europe don’t improve in the 1st quarter of 2012.

SWS won three newcastlemaxes 206,000 dwt, one from the hu cargocean and two from polembros (now four on order for this owner), price is region $53 mill apiece. Ariston of Greece went to CSC jinling for six opt four handysizes 35,000 dwt costing $23,5 mill each while kyma of Greece went to jinhai for a 64,000 dwt opt one supramax  costing $28 mill. CSCL exercised four options in dalian and hudong for 10,000 teu containers (original order was 8 same containers sototal order now is 12 ships with a cost of $94 mill each!) and Nanjing tanker ordered a 6500 cbm ethylene carrier at jiangnan changing. Last but not least western marine yard of Bangladesh got an order from MK shipping for four 5200 dwt MPP ships costing $10,5 mill each.

Full article, ELNAVI, December 2011, Issue 456, Page. 100

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