Topic
newbuilds
Logistics Scorpio Tankers Takes Minority Stake in Eight VLCC Newbuilds and Orders Two LR2s
Scorpio Tankers has taken a minority stake in an eight-vessel VLCC newbuilding venture and signed a letter of intent for two LR2 product tankers at Jiangsu Hantong Ship Heavy Industry. The company also completed MR newbuilding agreements at Jiangsu Yangzi-Mitsui. The moves expand Scorpio's directly controlled newbuilding programme to 14 ships, with exposure to additional eight VLCCs through the joint venture. Net income surged to $387.5 million in the second quarter.
Logistics Essberger Exercises Options for Two More Chemical Tankers, Lifting Programme to Eight Ships
John T. Essberger has exercised options for two additional 7,900 dwt chemical tankers, increasing its newbuilding programme to eight vessels. The ice-class ships are designed for European coastal chemical trades, with deliveries from mid-2027 through September 2029. The fleet will be operated under the E&S Tankers joint venture with Stolt Tankers.
Logistics Asyad places $308m order for six MR tankers at HD Hyundai Heavy Industries
Omani owner Asyad Shipping has ordered six MR product tankers at HD Hyundai Heavy Industries for $308m, with deliveries from 2029, and has secured five-year time charter contracts for all vessels with a leading global energy company. The deal continues Asyad's fleet expansion following its Muscat Stock Exchange listing, and follows recent dry bulk acquisitions including two kamsarmaxes and two baby capes.
Logistics Wagenborg and Carisbrooke Team Up for Ice-Class Newbuilds in China
Wagenborg Shipping and Carisbrooke Shipping have formed a partnership for an ice-class multipurpose newbuilding programme in China. Up to ten 7,400 dwt ice-class 1A vessels will be built at Dajin Heavy Industries, with first deliveries scheduled from Q3 2027. Carisbrooke will handle technical and crew management, while Wagenborg takes commercial management and chartering, strengthening their Baltic and European shortsea positions.
Logistics Bangladesh's Akij Resource Orders Four Ultramax Bulk Carriers at Chinese Yard Nantong Xiangyu
Bangladesh's Akij Resource has ordered four 63,800 dwt bulk carriers at Nantong Xiangyu Shipbuilding in China. The newbuilds will join its existing fleet of 10 ocean-going bulkers and 50 lighter vessels, potentially increasing capacity on dry bulk routes to Bangladesh. No price or delivery dates have been disclosed.
Logistics HMM Secures Bareboat Charter for Two Gas Carrier Newbuilds with Swiss Commodity Trader Mercuria
South Korean shipping major HMM has secured bareboat charter contracts with a shipping unit of Swiss commodities trader Mercuria for two 90,000 cu m gas carriers. The seven-year charters, worth KRW311.8bn ($202m), are scheduled to start in July 2029 with options to extend. The vessels are part of HMM's recently disclosed 10-ship newbuilding programme aimed at expanding beyond container shipping.
Logistics U-Ming signs for up to four newcastlemax bulk carriers in China at $77-80 million each
U-Ming Marine Transport has signed a contract with Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt newcastlemax bulk carriers, with options for two more, at a cost of $77-80 million per vessel. The order is part of a wider dry bulk expansion plan approved earlier this year, targeting a fleet of over 100 vessels and more than 10 million dwt. Deliveries are scheduled for 2029 and 2030.
Logistics Zhonggu Logistics Upsizes Boxship Newbuilds to 6,300 TEU and Plans Sale of Three Vessels
Zhonggu Logistics has upsized its newbuilding program, revising eight planned 6,000 TEU boxships to 6,300 TEU, while preparing to sell three vessels including a 2023-built postpanamax. The total investment remains unchanged at $1 billion, with deliveries starting in 2028. The company is also financing the expansion via a convertible bond issue and has ordered 10 feeders for the restarted Wuhan Qingshan Shipyard.
Logistics Turkish owner EOS orders four bulkers in China, delivers revived containership
Turkish EOS Group has placed a four-ship dry bulk order at Jiangsu Dajin Heavy Industry in China, comprising two 40,400 dwt handysize and two 64,500 dwt ultramax bulkers with deliveries from August 2028 to May 2030. Meanwhile, EOS delivered the 917 TEU containership Behram Box, left unfinished after the 2008 financial crisis, now in service with DP World's feeder unit Shipping Solutions on a Turkey-Bulgaria shuttle. The moves signal continued fleet investment by the century-old Turkish group.
Logistics Pan Ocean Locks In $1.62B VLCC Newbuild Deal with SK Energy for 20-Year Crude Transport
Pan Ocean has secured a $1.62 billion, 20-year crude transport contract with SK Energy and SK Incheon Petrochem for four very large crude carrier (VLCC) newbuildings. The deal, running from 2029 to 2049, covers crude oil trades from the Middle East to South Korea, providing long-term employment for the tankers built at Hanwha Ocean. It marks Pan Ocean's continued expansion in the crude tanker segment, following its earlier $700 million acquisition of 10 VLCCs from SK Shipping.
Logistics Erasmus Shipinvest Firms Up All Eight Kamsarmax Newbuilds at Jiangsu New Hantong Yard
Athens-based Erasmus Shipinvest Group has firmed up all eight kamsarmax bulk carrier newbuilds at China's Jiangsu New Hantong Ship Heavy Industry, exercising options on the original four-vessel order. The total investment is nearly $300 million, with deliveries expected to begin in 2028, adding 656,000 dwt of dry bulk capacity.
Logistics Capital Tankers Expands VLCC Fleet with Three Newbuilds from Marinakis Affiliate
Capital Tankers, backed by Evangelos Marinakis, is acquiring three VLCC newbuilding contracts from parent company Capital Maritime & Trading Corp. The vessels are under construction at China's Hengli Shipbuilding for delivery in late 2027. The transaction involves an upfront payment of $111.8 million by end of June, with remaining balances due upon delivery, and is expected to strengthen the company's orderbook.
Logistics Fredriksen Doubles Down on Newcastlemaxes with Four More Chinese Newbuilds at Dajin Heavy Industry
John Fredriksen-backed Seatankers Management has exercised options for four additional newcastlemax bulk carriers at emerging Chinese shipbuilder Dajin Heavy Industry, bringing its orderbook to eight 210,000 dwt vessels. Brokers estimate the total programme value at nearly $600 million, with deliveries scheduled between 2028 and 2029. The move is part of a broader surge in newcastlemax contracting linked to expectations surrounding Guinea's Simandou iron ore project.
Logistics Global Ship Lease Orders 10 New Boxships for $917 Million
Global Ship Lease has ordered 10 new containerships worth $917 million, marking a strategic shift towards newbuilds. The vessels, set for delivery between 2028 and 2030, will enhance the company's fleet with ultra-high-reefer capabilities.
Logistics Jinhui's Strategic Fleet Renewal with Newbuild Orders
Jinhui Shipping and Transportation has ordered two new dry bulk vessels from Jiangmen Nanyang Ship Engineering in China, valued at $68.3 million. This move aligns with Jinhui's strategy to modernize its fleet by replacing older vessels.