Ultramax orders pile up at New Dayang

Busy Chinese builder New Dayang has secured more orders for ultramax bulk carrier newbuildings.

Beijing-based leasing company Huaxia Financial Leasing has contracted the shipbuilding arm of state-run machinery manufacturer Sumec Group for eight Crown 63 Plus design vessels.

Financial terms surrounding the deal, which follows Turkey’s Ciner Shipping adding four more ultramaxes to its orderbook at the yard in Jiangsu, have not been divulged. Brokers are pricing similar newbuilds at about $34m each.

Last month, New Dayang secured orders from China Construction Bank (CCB) Financial Leasing for two firm vessels which will be operated by Bohai Shipping (Hebei), and a letter of intent for two additional units with the same operator. Monaco-headquartered Transocean Maritime Agencies also recently booked a 64,000 dwt pair for delivery in 2026.

READ ALSO  Sanwo-Olu names London to Lagos solo driver Pelumi Nubi as tourism ambassador

Sumec, which took over Dayang Shipbuilding in 2018, said the latest order takes its frontrunner Crown 63 Plus backlog to 65 ships, including shipowners in Europe, the Middle East, Japan, Taiwan and Hong Kong.

Be the first to comment

Leave a Reply

Your email address will not be published.