Aframax orders reported

Oct 04 2013

New orders continue to trickle in this week, mainly for gas carriers and LR2s.

Odfjell has signed $180 mill worth of contracts to build four LPG/Ethylene gas carriers of 17,000 cu m capacity each at Nantong Sinopacific Offshore & Engineering.

During the last years this shipyard has delivered several gas carriers and is regarded to have one of the very few construction facilities in China able to meet Odfjell's quality standards for building of such ships, the company said.

Deliveries are scheduled for between October 2015 and May 2016.

Odfjell said that it had also secured various options for delivery of up to four additional gas carriers.

Broking sources also reported that Navig8 had ordered two Aframaxes from Sungdong for delivery 2015-2016, while Chandris was thought to have ordered two Aframaxes at DSME for 2015 delivery at $51 mill each.

Meanwhile, AET has named two VLCC newbuildings at the DSME. One ‘Eagle Verona’ will be delivered immediately and will go on charter to an unnamed principal, while the second ‘Eagle Versailles’ will follow in December.

Both 320,000 dwt vessels are claimed by the company to have been built to the latest eco-design.

Innovations include the fitting of MAN B&W’s latest G-ME super-stroke electronically controlled main engine, together with a higher efficient propeller of a larger diameter and lower rev/min.

Other energy saving enhancements fitted include DSME duct, rudder bulb and propeller boss cap fins. In addition, both vessels are fitted with a vessel eco-management system, which includes ship performance monitoring, trim optimisation and weather routing.

Together, these innovations will significantly improve fuel consumption and deliver an EEDI, which is 16.9% better than the IMO base-line, AET claimed.

In the charter market, Navios Maritime Acquisition Corp has taken delivery of the ‘Bougainville’, a newbuilding MR2 product tanker of 50,626 dwt.

She has been chartered out for four years at a base rate of $15,356 (net) per day, plus 100% profit based on an index, with a ceiling of $20,475 (net) per day. Charter base and ceiling rates will increase 2% per annum.

Navios Acquisition also announced that the ‘Nave Dorado’, a 2005-Japanese built MR2 product tanker of 47,999 dwt, was delivered to the company on 24th September, 2013.

Other timecharters reported by broking sources included Handytankers taking the 2004-built Handysize ‘Edith Kirk’ for 12 months at $13,000 per day. Transalba was said to have chartered the 1999-built MR ‘Theodoros IV’ for 12 months at $14,500 per day.

Koch was reported to have fixed the 2005-built LR1 ‘New Century’ for 12 months at $14,000 per day, plus an option for a further 12 months.

In the S&P sector, Greek interests were reported to be behind the purchase of the 2004-built MR ‘Pacific Polaris’ for $17.2 mill.

The only vessel reported to be leaving the fleet this week was Petrobras’ 1993-built products tanker ‘Itajuba’ reported as sold ‘as is’ Brazil for $306 per ldt.


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