My Time

Monday, April 8, 2013

YZJ new contracts

" Another China’s large private-owned Yangzijiang Shipbuilding is said to have won a $170m worth of jack-up drilling rig from a Malaysian shipowner at the end of last year, entering offshore sector for the first time and to top it off, Yangzijiang signed a preliminary agreement for one jack-up drilling rig with Qatar Investment Corporation. " 

Qatar Investment corporation agreement news seems haven't release yet.

Also, sources said the shipowner secures additional options for four of same size at the yard.
Frontline 2012 is aggressively investing in newbuilding capesize fleet and has placed most of orders at Chinese shipyards, such as SWS, DSIC, and Yangzijiang Shipbuilding. If the owner firms up options and those signed by LOI, then it would have a total of 32 capesize bulkers on order.

Both news are last two days and seems more order will be seeing soon.

New Yangzi Pens Kamsarmax


China's privately-owned shipyard Jiangsu New Yangzi Shipbuilding has won a newbuilding order to build up to five kamsarmax bulkers from Callimanopulos group.
An official from the Greek owner said the company recently placed an order for firm three 82,000-dwt bulkers and additional options for one plus one units.
The firm newbuildings are to be delivered in August and October of 2015 and January 2016 respectively.
Callimanopulos did not disclosed the price, while industry player estimated the ship to value around $26m apiece.

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