9 bulk carriers! Oldendorff places orders at Chinese and Japanese shipyards
2018-06-20 09:00
With a positive outlook on the dry bulk carrier market, Oldendorff Carriers, one of the strongest buyers in the recent market, is placing an order for another 9 bulk carriers, setting off a new wave in the dry bulk carrier market.
It is reported that Oldendorff Carriers recently placed orders for 9 bulk carriers at several shipyards in China and Japan, increasing its number of newbuilds under construction to 20.
Sources say that Oldendorff has ordered 2+2 82,000-dwt Kamsarmax bulk carriers from Jiangsu Hantong Ship Heavy Industry. Including the latest two vessels, Oldendorff currently has 7 Kamsarmax bulk carriers on order at Hantong Ship Heavy Industry. The first 5 were ordered last year, and these 7 new vessels will be delivered between 2019 and 2020. It is understood that the current market price for 82,000-dwt Kamsarmax bulk carriers is approximately US\$25 million.
In addition, Oldendorff has also ordered 3 62,000-dwt Ultramax bulk carriers from Dalian Cosco KHI Ship Engineering Co., Ltd., for delivery in 2019.
Data on Oldendorff's official website shows that the company has also ordered 2 100,000-dwt ultra-Panamax bulk carriers from an unnamed shipyard, with delivery scheduled for 2020. There are reports that these 2 bulk carriers are currently being built by Japan's Oshima Shipbuilding.
Currently, Oldendorff has a total of 20 bulk carriers under construction at shipyards in China and Japan. In addition to the new vessels mentioned above, there are 3 62,000-dwt Ultramax bulk carriers from Nantong Cosco KHI Ship Engineering Co., Ltd., scheduled for delivery in 2019; 3 62,000-dwt Ultramax bulk carriers from Oshima Shipbuilding, for delivery in 2020; and 2 36,000-dwt handysize bulk carriers from Sanjin Shipbuilding, for delivery in 2019.
Oldendorff currently operates approximately 712 bulk carriers, of which 172 are owned or chartered in. It is currently the world's largest dry bulk shipping company. Since last year, Oldendorff has continued to acquire, lease, and order a large number of bulk carriers. The company has acquired more than 100 vessels totaling approximately 10 million dwt over the past five years, with the acquired vessels delivered between 2013 and 2020. Oldendorff stated that these investments are due to a positive outlook on the prospects for bulk carrier freight rates and values.
Related News