Solid activity in newbuilding market across all sectors – report

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According to the latest Market Report compiled by Intermodal, the newbuilding market displayed solid activity this week, with 10 orders across dry bulk, tankers, containerships, and MPP sectors.

Beyond the typical Far Eastern yard activity, Saudi Arabia also reported newbuilding action. In the dry bulk segment, CMT contracted Qingdao Beihai for a pair of 210k dwt bulkers at a cost ranging from $76m to $79.8m per unit, with delivery in 2028.

Additionally, Saudi Arabian group Bahri Dry Bulk ordered 6 units of ca. 63k dwt from compatriot IMI, priced at $33.8m each for 2028-2029 delivery.

Regarding wet segment, New Shipping ordered at Samsung HI a pair of 157k dwt suezmaxes, due for delivery in 2028.

Moreover, Densay Shipping exercised an option at Wuhu Shipyard for two MR tankers of 50k dwt each.

Norwegian/Japanese JV NYK Stolt Tankers contracted Nantong Xiangyu for a pair of 38k dwt chemical tankers for 2028-2029 delivery.

South Korean DM Shipping ordered 3 chemical tankers of 33k dwt each from Jiangxi New Jiangzhou Shipbuilding at $56m apiece.

On the containership front, HMM placed orders totalling 12 vessels of 14k teu each, priced between $180m and $185m per vessel at Korean yards: 8 units at HD Hyundai and 4 units at Hanwha Ocean.

Chinese owner Josco exercised options for a pair of 1.93k teu feeders at Huangpu Wenchong, priced at $32m each.

Finally, in the MPP segment, HS Schiffahrts contracted Jiangsu Soho Marine for 4 firm plus 6 optional vessels of 12.5k dwt each, at $30m per unit.