As always lets start from the Newbuildings placed in the last 30 days.. its unfortunate that owners are still placing dry orders despite the already huge orderbook and the very weak freights! NSCSA went to oshima for five kamsarmaxes while helicon exercised an order for one more supramax in STX dalian making five in total, cost is region $26,5 mill per ship. Guangzhou lanhai went to taizhou kouan for five 51,000 dwt bulkers with another five options costing $25 mill apiece while Diana agreed with jiangnan to build two ice class 1B panamaxes for abt $29 mill each. Lomar agreed with Guangzhou wenchong to build two option two 2,200 teu containers for region $25 mill apiece.

Scorpio exercised an option at Hyundai mipo for another MR costing $36 mill while exmar ordered four option four 38,000 cbm gas carriers at the same yard for about $50 mill each! Oman shipping agreed with Hyundai to cancel its last VLCC newbuilding and instead replace it with an LNG vessel, note oman had originally ordered 5 VLCC’s at a cost of $154 mill each!

Full article, ELNAVI, Issue 460, April 2012, Page. 70

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