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Newbuilding order trickle continues

Newbuilding order trickle continues

Shanghai: Jiangsu Hantong Ship Heavy Industry Co,. Ltd. is the latest shipyard to benefit from the renewed flow - or perhaps trickle - of newbuilding  orders. An undisclosed shipowner from Southeast Asia has placed an order for seven 57,000dwt bulk carriers costing around about $29.3m each. Deliveries will take place during 2010-2011.
Hantong is a modern, mid-sized newbuilding and repair yard that was set up as a joint venture between a Korean investor a Nantong Ocean Water Construction Co., Ltd. Production started in December 2005, with capacity that could reach 300,000dwt a year for ships and 100,000dwt for steel structures.
Separately, unconfirmed reports suggest major yard Shanghai Waigaoqiao Shipyard has booked its first orders of the year for six 319,000dwt VLCCs from one or more undisclosed shipowners, for 2012-13 delivery.  [18/08/09]

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