Greece Newbuilding Orders Reach USD 410 Million

Number of new orders: 65 vessels –total deadweight: 4,224,760 tons, 20 transactions reported at an undisclosed contract price – The invested capital revealed is about $3,9bn for 45 new orders. (18 bulkers, 4 tankers, 19 gas tankers, 3 liners,7 containers,2 Ro-Ro and 12 special projects). 39 of these new orders happened last week, and 12 new orders were in the first week of July 2012.

Newbuilding activity:

67% up week-on-week and 442 % up year-on-year. The largest volume of newbuilding activity is reported in the bulk carrier segment with a total invested capital of more than $520mil and gas tankers with an invested capital of about $1,53bn. Gas carriers held the lion share of this week’s volume of new orders 29% share of this week’s volume of new orders against 28% share from bulk carriers, 6% share from tankers and 11% share from containers and 12% share from special projects.

At similar week in 2012, 12 fresh orders had been reported with the largest volume of newbuilding activity in the special project segment -8 new orders against 2 new orders for bulkers and 2 for gas tankers. Compared with previous week’s levels, a large increase in the volume of new orders is recorded in the gas tanker and container segment, 1800% and 250% respectively against 29% week-on-week increase in the bulk carrier segment.

Overall, a hefty amount of money is invested in the gas tanker segment, 39% share of the total invested capital due to the construction of two large LNG carriers and 17 very large LPG carriers. Special projects follow with 34% share from the construction of high valued jack-up rigs and semi-submersible rigs.

• European owners’ presence: 26 new orders- invested capital more than $2bn – 13 bulkers, 4 tankers, 7 gas tankers, 1 passenger and 2 special projects
• Greek owners’ presence: 3 new orders, 1 for a capesize at an undisclosed contract price and 2 for large LNG tankers for about $410mil
• Asian owners’ presence: 29 new orders – invested capital more than $1,5bn – 5 bulkers, 12 gas tankers, 7 containers and 5 special projects
• Chinese owners’ presence: 25 new orders – invested capital more than $1,18bn, 4 bulkers, 12 LPG carriers, 5 containers and 4 special projects
• USA owners’ presence: 5 new orders in the offshore segment
• No. of units ordered at Chinese yards: 35 new orders, 10 bulkers, 2 tankers, 12 gas tankers, 7 containers and 4 special projects.
• No of units ordered at Japanese yards: 9 new orders, 7 bulkers and 3 liners
• No of units ordered at South Korean yards: 9 new orders, 2 bulkers and 7 gas tankers.

[mappress]
Source: Golden Destiny, August 19, 2013