Weihai Sanjin Shipbuilding's 4 bulk carrier orders cancelled

2014-09-02 09:00

Belgium Bulk carrier ( Ship type Shipyard Sale and purchase ) Recently, Bocimar cancelled an order for four 36,000-dwt handysize bulk carriers at Weihai Sanjin Shipyard ( Location Comments News ) The four new vessels, hull numbers 1052, 1053, 1054 and 1055, were cancelled because the shipyard was unable to deliver the new vessels according to the contractually agreed schedule, according to the parent company Compagnie Maritime Belge (CMB).

Clarkson's data shows that the four new vessels were originally scheduled for delivery this year. CMB pointed out that Weihai Sanjin Shipyard has already returned approximately US$30 million in advance; at the same time, Bocimar is closely monitoring the shipyard's situation and does not rule out the possibility of further cancellations in the future.

It is understood that Bocimar placed an order for 6+2 new vessels with Weihai Sanjin Shipyard in 2011. According to Clarkson's data, Bocimar still has 8 environmentally friendly bulk carriers under construction at Weihai Sanjin Shipyard, and these new vessels are expected to be delivered successively in the next two years. Bocimar's cancellation will obviously bring more questions to the financial situation of Weihai Sanjin Shipyard.

Bocimar did not disclose the specific price of these handysize bulk carriers, but it is reported that the new vessels cost approximately US$19 million each. Observers point out that this price is about US$4 million lower than the resale price given by some ship brokers.

According to the results released by CMB recently, the company reported a net loss of US$28 million in the first half of this year. The company stated that "based on the results of the first half of the year and considering the group's required cash flow, the board of directors believes that no internal dividends should be distributed for 2014."

COSCO's twin stars shine in the 'ship valley'

The order for 7 chemical tankers from Mingde Heavy Industry has taken effect.

2026-01-21

Nine ships! A great start! This veteran shipyard sets a new “largest” record.

2026-01-09

9.4 Billion! Shipbuilding Giant Lands Major Offshore Wind Power Order

2026-01-04

60 Billion Yuan Order: All 'Made in China'! Shipping Giant Orders 10 New Vessels

2025-12-30

Another 8 large vessels! Orders hit a new record high! Chinese shipbuilders emerge as the biggest winners.

2025-12-24

Up to 12 vessels! State-owned shipbuilders secure major cruise ship orders from overseas owners

2025-12-11

Address: No. 6, Xingyuan Avenue, Rucheng Street, Rugao City, Jiangsu Province

Postcode: 226500

Tel: 86-513-87268999、86-513-7268666

Fax: 86-513-87268998

Email: info@ntlw.com

WeChat：15335077201

Home
About
- Profile
- Culture
- Honor
- Equipment
Products
Service
Cases
Blog
Contact

COOKIES

Our website uses cookies and similar technologies to personalize the advertising shown to you and to help you get the best experience on our website. For more information, see our Privacy & Cookie Policy

COOKIES

required

These cookies are necessary for basic functions such as payment. Standard cookies cannot be turned off and do not store any of your information.

analyze

These cookies collect information, such as how many people are using our site or which pages are popular, to help us improve the customer experience. Turning these cookies off will mean we can't collect information to improve your experience.

Feature

These cookies enable the website to provide enhanced functionality and personalization. They may be set by us or by third-party providers whose services we have added to our pages. If you do not allow these cookies, some or all of these services may not function properly.

advertise

These cookies help us understand what you are interested in so that we can show you relevant advertising on other websites. Turning these cookies off will mean we are unable to show you any personalized advertising.

WeChat Official Account

Video account

Douyin account

Business License