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Post-panamax bulkers ordered at new Chinese shipyard

Post-panamax bulkers ordered at new Chinese shipyard

Hong Kong: Brokers reports point to the emergence of a new greenfield yard in China that will build post-panamax bulk carriers, a sector traditionally dominated by Japanese yards such as IHI Marine (87,000dwt bulker pictured), Tsuneishi and Oshima. Greece's Transmed has ordered 10 x 93,000dwt bulkers at Jinglu Penglai Shipyard, which is to be estabished on the site of current rice field, report both Clarksons Asia and Fearnleys. Deliveries are slated to begin as soon as end-2008 and run through mid-2010.

In addition, Carksons Asia cites reports that Tsakos and Capital Ship Management
have both signed LOIs for six ships with a new facility in China planned by Korean design consultants Mastek. The vessels would be 92,000dwt post-panamax bulkers, for deivery 2009 onwards.

The broker points out that with neither yard yet in existence - and the Mastek one still n he planning stage - it is quite posibe that these yards do not ultimately materialise. However, it notes the "surge of interest" in post-panamax size vessel - a phenomenon which may not be unconnected to the October 22 green light to expand the Panama Canal.  [30/11/6]