Sponsored By

Hamburg Bulk Carriers confirms options for three bulkers

Germany-based Hamburg Bulk Carriers has exercised shipbuilding options with China-based Qingshan Shipyard to build three 43,500 dwt dry bulk carriers, worth a total of $70m.

Lee Hong Liang, Asia Correspondent

October 30, 2013

1 Min Read
Kalyakan - stock.adobe.com

In June this year, Hamburg Bulk Carriers signed a shipbuilding deal with the Chinese yard to build three 43,500 dwt environmentally-friendly bulkers with an option for nine similar units. Following the conversion of three optional vessels into firm orders, the European shipowner is now left with an option for six more bulkers.

The 12 vessels including options to be built at Qingshan Shipyard are worth a total of $270m.

Hamburg Bulk Carriers is planning to invest a further $130m by the end of this year to build six more eco-friendly designed bulkers at an unspecified Chinese yard.

Read more about:

dry bulk shipping

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community