Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Ship Finance International converts China boxship orders to bulkers

Ship Finance International converts China boxship orders to bulkers

Bermuda: John Fredriksen's Ship Finance International has converted orders for container feederships at two Chinese yards to handysize bulkers. The New York listed shipowner has converted orders for a quartet of boxships to seven bulkers of between 32,000 dwt and 34,000 dwt and two undisclosed Chinese shipbuilders. The bulkers are being contracted at a cost of $188m, with contracts for three signed already, and contacts for four 34,000 dwt bulkers expected to finalised shortly. "Ship Finance will then avoid a significant potential mark-to-market loss on the container contracts," the company said. The bulkers are due to be delivered between 2010 and 2012. [01/03/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.