The newbuilding ordering activity has picked up some pace over the last week with orders placed both in the Container, Dry Bulk, Ro-Ro and the LPG sector. In the LPG sector, Geogas
has exercised their option for one more midsize LPG vessel at Hyundai Mipo, while K-line
has ordered one VLGC at the domestic shipyard Kawasaki Heavy. Anthony Veder
of the Netherlands has returned to Dingheng Shipbuilding ordering two 4,700cbm ethylene/LPG carriers. Price reported at USD 22 million.