ABCML takes delivery of M/V Desert Hope

Atlantic Bulk Carriers Management Ltd. (ABCML), a Marshall Islands Company with offices in Piraeus, Greece, took delivery of its new Bulk Carrier built by South Korean Shipyard.

Senior Masters of Atlantic Bulk Carriers Management Ltd, Captain Athanasios Aretoulis along with Chief Engineer Mr. Theofilis Alexandros attended the delivery of the latest addition in company’s fleet, M/V Desert Hope at  Hyundai Mipo Dockyard. Both of them will join the vessel on her maiden voyage.

Hyundai Mipo Dockyard held naming ceremony for 58000 DWT Class Bulk Carrier M.V. DESERT HOPE on 1st July 2011.

Atlantic Bulk Carriers Management Ltd, a Marshall Islands Company with offices in Piraeus, Greece is a ship operator of Handymax, Supermax and Panamax size bulk carriers.

Source: ABCML

Shipbuilding News

Chinese shipyards have received 138 orders for offshore units from January-September, up 2% year-on-year (y/y) and is ranked first place in the world, said Zhang Qi from China Shipbuilding Industry Research Center (CSIR) at Shiptec China.

After the summer lull, September brought firmness in shipping investments for secondhand and newbuilding vessels, but also stronger scrapping activity as the downward pressure in freight market persists in all vessel segments and sizes. However, shipping confidence has lost ground during the third quarter of the year from the sharp plunging of Baltic Dry Index and this is reflected in the weaker pace of newbuilding investments as ordering appetite decreased almost by 1⁄2 from last year’s monthly activity...
Unionized workers of Hyundai Heavy Industries (HHI) have voted in favor of a strike, further cornering Korea’s largest shipbuilder that has been struggling with falling orders and worsening profitability.
There is a maintained interest in crude oil carriers, primarily suezmax and to a certain extent also aframax size. Turkish owners reported to have signed an l.o.i. at Hanjin Subic for up to four suezmaxes. In the LNG sector, Japanese owners went to Samsung for three 174,000 m3 dedicated for a time charter contract with Cameron LNG.

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