NEWBUILD ORDERS

Nantong Xiangyu Wins Six Bulker Newbuild Orders

Nantong Xiangyu Shipbuilding and Offshore Engineering has secured newbuilding orders for the construction of up to six 79,900 dwt bulk carriers from three domestic owners, says an article published in Splash 247.

About the orders
  • Ningbo Juhe Logistics, Anhui Chizhou Jiuhua Shipping and Guangxi Jinhang Shipping have each ordered 1+1 bulkers at the yard. 
  • The vessels will be deployed for domestic coastal operations.
  • Deliveries of the firm vessels are scheduled in 2023.

The latest orders have added...

https://mfame.guru/nantong-xiangyu-wins-six-bulker-newbuild-orders/

Global Newbuild Orders Crumble Amid Rising Economic Setback

  • Pre-COVID, the bull case for shipping rates was all about plunging newbuild orders.
  • A drop in orders in 2019 pointed to rising freight rates in 2021, given the lag between contract signing and delivery.
  • Mid-COVID, the bull case for rates is even more about plunging newbuild orders than before.
  • There will be a lot fewer vessels on the water in 2021, 2022 and beyond than previously thought.
  • New data provided to FreightWaves confirms that 2020 is shaping up to be an exceptionally weak year for...

https://mfame.guru/global-newbuild-orders-crumble-amid-rising-economic-setback/

TS Lines Places Order for Newbuild Quartet

  • Taiwanese intra-Asia carrier TS Lines has commissioned the building of two 1,900TEU ships from CSSC Huangpu Wenchong Shipbuilding of China.
  • Each newbuilding is priced at US$22.8 million and delivery is set for between the third and fourth quarters of 2022, with options for two more vessels.
  • The newbuildings will be fitted with scrubbers to comply with the International Maritime Organization’s sulphur emissions cap.

Taiwanese boxship operator TS Lines has signed shipbuilding contracts with...

https://mfame.guru/ts-lines-places-order-for-newbuild-quartet/

Ship Orders To Bounce Back Amid Coronavirus Hits?

Ship orders collapse owing to COVID hits and regulatory risks, writes Greg Miller for Freight Waves.

Plunging newbuild orders

Pre-COVID, the bull case for shipping rates was all about plunging newbuild orders. A drop in orders in 2019 pointed to rising freight rates in 2021, given the lag between contract signing and delivery.

Mid-COVID, the bull case for rates is even more about plunging newbuild orders than before. There will be a lot fewer vessels on the water in 2021, 2022 and beyond than...

https://mfame.guru/ship-orders-to-bounce-back-amid-coronavirus-hits/

Global Newbuild Orders Take a Hit!

  • Based on BIMCO data, newbuild orders in the first quarter of the year slumped 55% year-on-year.
  • Only 6.6m dwt ordered across the three major shipping segments, down from 14.7m dwt last year.
  • Deliveries from Chinese shipyards have been delayed because of the yard closures during the COVID-19 outbreak.

Confirmed newbuild orders in the first quarter of the year slumped 55% year-on-year with only 6.6m dwt ordered across the three major shipping segments, writes Sam Chmabers for Splash247.

Coronaviru...

http://mfame.guru/global-newbuild-orders-take-a-hit/

Newbuild orders hit record lows

VesselsValue published an article about newbuild orders in the second quarter of 2019. The results are disappointing, as newbuilding orders hit record lows in Q2 2019.

VesselsValue Head Cargo Analyst, Olivia Watkins, reviews which yards have received orders and which vessel types have been popular purchases.

Containers

The Container sector shows declining trend as the rest of the cargo sector for newbuilds. Orders for the first half of 2019 were down a significant 49% compared to same months in...

https://container-news.com/newbuild-orders-hit-record-lows/