LEADING INTERNATIONAL MARITIME MAGAZINE

Remaining orderbook grows to 21 eco bulk carriers

The recent declaration of two Kamsarmax newbuilding options has increased Oldendorff Carriers orderbook.

Between end 2018 and mid-2020, Oldendorff will receive another 21 “eco” bulk carrier newbuildings from yards in Japan and China, which were mostly ordered between 2015 and 2017 at historically attractive prices.

Oshima Shipbuilding will deliver two 100,000 tdw Post-panamaxes and three 62,000 tdw Ultramaxes during the first half of 2020. The Oshima designs are setting new benchmarks in terms of low fuel consumption.

Hantong Ship Heavy Industry will build seven x 82,000 tdw “Sdari” design Kamsarmaxes between 2019 and spring 2020, two of which will have ice class 1c. The series will feature “MAN-B&W” engines imported from Korea, “Yanmar” auxiliary engines imported from Japan and optimised “Nakashima” propellers. The latest two ships at Hantong were options, which were declared earlier this month. The total number of vessels ordered at Hantong was ten, but three ships were later resold to other owners.

NACKS (Cosco / Kawasaki JV yard in Nantong) and DACKS (the sister yard in Dalian) will build six x 61,000 tdw Ultramax bulk carriers for Oldendorff to a high specification, which will all be delivered next year. Finally, the company will receive three x 36,000 / 38,000 tdw Handysize vessels from two Chinese yards in 2018 and 2019.

Last month, Oldendorff agreed to sell 13 Ultramax vessels for delivery until September 2018 to an Asian buyer with two years’ time charter back, based on a floating rate structure. The package contains eight x 63,500 tdw bulk carriers built at Qingshan and Yangzijiang (built 2015 – 2018) and five x 61,000 tdw Ultramaxes built at Imabari and NACKS (all built in 2014).

Overall, the company has now bought or ordered 137 vessels for takeover between 2013 and 2020, of which in the meantime 47 ships were sold on and nine older acquisitions were also sold in the same period. This means, that for delivery between 2013 and 2020, Oldendorff sales and purchases desk has entered into 193 transactions.