Jinhai Heavy Industry receives order for two Capesize bulk carriers

2013-09-23 09:00

China's Jinhai Heavy Industry, a民营造船厂, has received an order for two 180,000 DWT bulk carriers from Greek shipowner Capital Maritime & Trading (CEO Evangelos Marinakis).

According to foreign news, although the specific conditions such as ship price and delivery date are still uncertain, the advance payment is confirmed to be 2.5% of the total construction funds, which means an extremely "Tail-heavy" approach. The current newbuilding price has dropped to a level where it is difficult to make a profit, but some shipyards have still offered favorable conditions to shipowners while accelerating their order intake.

In addition, at the beginning of the year, Jinhai Heavy Industry also received an order for two + 2 optional Cape-size bulk carriers from another shipowner under extremely Tail-heavy conditions.