China: Graig Wins Supervision Contract for Nine Panamax Bulk Carriers

Graig announced that on the 9th November Graig China Limited was awarded a nine 76,000 dwt newbuilding Supervision Contract with CMG Shipping Limited in China. Those nine Panamax newbuildings are all contracted by Jiangsu Rongsheng Heavy Industries Co Ltd, but will be built at its sub-contracted shipyards located in five different locations in China.

This is the same design vessel as Minsheng Financial Leasing’s series of eighteen Panamax newbuildings which are under GCL’s supervision at Rongsheng Shipyard. Another reason that Graig (China) was selected was that the Owner had taken over a Capesize vessel, previously built for Kiran Shipping in Rongshen Shipyard, and were impressed with the quality of the build and fit out. (They have had previous vessels built at Rongshen under other supervision companies and stated that the Graig built vessel was far better and operated fault free).

[mappress]

Source: Graig Group, November 11, 2011