Topic
newbuild
Logistics W Marine broadens newbuild drive with ultramax order at Jiangsu Dajin
Greek shipowner W Marine has placed an order for three 64,500 dwt ultramax bulk carriers at China's Jiangsu Dajin Heavy Industry, with deliveries scheduled for May, August, and November 2028. The deal, the company's first ultramax newbuildings, expands its newbuilding pipeline to five vessels, including two 1,800 TEU feeder containerships booked at Huanghai Shipbuilding. W Marine recently took delivery of two kamsarmaxes from Chengxi Shipyard, marking its return to the newbuilding market after nearly 20 years.
Logistics Jinhui Shipping Secures $70M in Leaseback Financing for Four Ultramax Newbuilds
Jinhui Shipping and Transportation has secured up to $70m in leaseback financing for four ultramax newbuildings across two deals, according to Splash247. The Oslo-listed owner is renewing its fleet with 63,500-64,500 dwt vessels and disposing of older supramax tonnage.
Logistics Jinhui Secures $36M via Leaseback for Two Ultramax Newbuilds, Advancing Fleet Renewal
Jinhui Shipping and Transportation has arranged up to $36 million in sale-and-leaseback financing for two new ultramax bulk carriers building in China. The vessels, scheduled for delivery in early 2028, will be leased back for up to five years, supporting the company's fleet renewal programme and retention of operational control.
Logistics Seacon Adds $66m Bulker Pair at Tsuneishi Zhoushan for 2028 and 2030 Delivery
Hong Kong-listed Seacon Shipping has ordered two handysize bulk carriers at Tsuneishi Group (Zhoushan) Shipbuilding for a total of $66m, with deliveries in 2028 and 2030. The newbuilds add to Seacon's extensive pipeline of 44 vessels under construction at the end of 2025. Meanwhile, Seacon agreed to sell the 2023-built bulker Seacon Tokyo for $41.6m, generating a gain of about $9.86m.
Logistics Rubico Acquires MR Tanker Newbuilding from Top Ships in Fleet Expansion Deal
Nasdaq-listed tanker owner Rubico has agreed to acquire an MR tanker newbuilding from former parent Top Ships for about $6.25m for the shares of a special-purpose company holding the contract. The 47,499 dwt product and chemical tanker, built at Guangzhou Shipyard International (GSI), is priced at $45.2m and scheduled for delivery in Q3 2029. The vessel has been fixed to an unnamed major oil trader for seven years with extension options, carrying potential gross revenue of about $75.4m.
Logistics Union Maritime Widens Newbuild Push with VLGC Debut at HD Hyundai Heavy Industries
According to Splash247, diversified UK owner Union Maritime has been linked to its first very large gas carrier (VLGC) newbuilding order, with two VLGC/VLAC vessels on order at HD Hyundai Heavy Industries in South Korea. The ships, costing roughly $234 million total, are expected to deliver in 2029. This marks the company's entry into the large gas carrier sector, adding to its broad orderbook of tankers, chemical tankers, product carriers, and dry bulk tonnage.
Logistics ADNOC L&S orders four LNG carriers worth $900m from Jiangnan Shipyard in fleet expansion
ADNOC Logistics & Services has ordered four 175,000 cubic meter LNG carriers from Jiangnan Shipyard in a deal worth approximately $900 million. The vessels, delivered in 2029, expand ADNOC L&S’s LNG newbuilding programme to 18 ships, reinforcing its role in long-term LNG supply chains.
Logistics MAC Shipping Expands Chemical Tanker Newbuilding Program with Four Vessel Order at Taizhou Maple Leaf
Singapore-based MAC Shipping has ordered four 29,000 dwt chemical tankers at Taizhou Maple Leaf Shipbuilding for delivery in 2029, expanding its newbuilding program to eight vessels across two Chinese yards. The latest deal adds to the company's push into stainless steel chemical tanker tonnage, following an earlier order of four 25,900 dwt units at Jiangxi New Jiangzhou.
Seacon Shipping Acquires Two Chemical Tanker Newbuilds for $39.2 Million
Seacon Shipping, through its Singapore subsidiary, has agreed to buy two 2026-built chemical/oil tanker newbuilds from Oriental Prime Shipping for $39.2 million. The vessels, Golden Gerbera and Golden Osmanthus, cost $19.6 million each and will be funded via internal resources and external financing. The acquisition supports Seacon's strategy to phase out older vessels and expand its controlled fleet.
Logistics Global Ship Lease expands newbuild programme with five more midsize boxships
Global Ship Lease (GSL) has ordered five more midsize containerships for about $413m, with delivery in 2029 and multi-year charters averaging 8.1 years. This brings its newbuilding programme to 15 ships, expected to generate over $1bn in adjusted EBITDA. The company also emerged as an owner behind a 13-ship order at CSSC Huangpu Wenchong Shipbuilding.
Logistics Dorian LPG Orders $115M VLGC Newbuild, Sells Three Older Tankers as Rates Surge
New York-listed VLGC owner Dorian LPG has ordered one 90,000 cu m dual-fuel VLGC at HD Hyundai for about $115m, scheduled for July 2029 delivery, while selling three older VLGCs for combined proceeds of $256m. The fleet moves come as VLGC earnings surge, with the company fixing 99% of its available days for the quarter ending June 30 at over $68,000 per day and 34% of July days at over $100,000 per day.
Logistics SBM Offshore and Solstad Select CIMC Raffles for Newbuild DP2 Installation Vessel
SBM Offshore and Solstad Offshore have chosen CIMC Raffles' Haiyang base in Shandong, China, to build a multi-purpose deepwater installation vessel. The 132.6m DP2 vessel, equipped with a 500-tonne crane and methanol-ready design, is set for delivery in first half 2029. Solstad Shipping will manage the vessel, with SBM chartering it for its FPSO projects and third-party charters available.
Logistics China Merchants Unit Orders Two Kamsarmax Bulk Carriers at Jiangsu Haitong for 2028 Delivery
Shanghai Changjiang Shipping, a China Merchants Group subsidiary, has ordered two 82,000 dwt kamsarmax bulk carriers at Jiangsu Haitong Offshore Engineering Equipment. The vessels are scheduled for delivery in 2028, with market estimates placing the contract value at around $75 million. The order is part of a broader fleet renewal programme within China Merchants Group.
Logistics Iolcos Returns to Newbuilding Market with Kamsarmax Pair in China, Adding Dry Bulk Capacity
Greek dry bulk owner Iolcos Hellenic Maritime Enterprises has placed an order for two 82,000 dwt kamsarmax bulk carriers at New Dayang Shipbuilding in China, with delivery scheduled for 2029. The order marks Iolcos' first newbuilding move since 2021 and adds to a wave of Greek newbuilding activity in the kamsarmax segment. The vessels will expand the company's current fleet of about 18 dry bulk vessels and provide additional capacity on major dry bulk trade lanes.
Logistics Purus Expands LNG Fleet with New Samsung Order
Purus Marine is linked to a new LNG carrier order at Samsung Heavy Industries, expanding its fleet. The $252m contract for a 174,000 cu m vessel is set for delivery in January 2029.
Logistics Thenamaris Expands Tanker Fleet with New Orders
Thenamaris has expanded its tanker fleet by ordering new vessels in South Korea and China. The company has confirmed orders for MR2 product tankers and aframax/LR2 tankers, enhancing its market presence.
Logistics DHT Expands VLCC Fleet with New Hanwha Order
DHT Holdings has placed an order for a new Very Large Crude Carrier (VLCC) with Hanwha Ocean, continuing its fleet renewal strategy. The new vessel will be delivered in August 2028, following the successful delivery of two sister ships earlier this year.
Logistics Container Newbuild Delivered Amid Panama Canal Draft Cuts
The Behram Box, a containership stranded since the 2008 crisis, has finally been delivered and entered service, highlighting the strong demand for feeder tonnage. Meanwhile, the Panama Canal Authority has announced draft restrictions due to water level concerns, potentially impacting global shipping routes.
Logistics Seanergy Expands Fleet with Sixth Eco-Friendly Newbuild
Seanergy Maritime is advancing its fleet renewal strategy with the addition of a sixth eco-design bulker. This move marks a shift towards modern, fuel-efficient vessels, enhancing fleet quality and long-term earnings.
Logistics DryDel Expands Fleet with New Japanese Bulker Orders
DryDel Shipping has ordered three new bulk carriers from Japanese shipyards, reinforcing its commitment to eco-friendly and efficient fleet expansion. This move aligns with DryDel's strategy to maintain a modern and competitive fleet.