Tag: newbuildings

In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at the rise in the price of newbuilding which has increased to the highest level since 2008. According to BIMCO's Niels Rasmussen, since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is up 2% year-to-date.  Shipyards’ global order book currently stands at 133m Compensated Gross Tonnage (CGT), an increase of 56m CGT compared to the order book’s most recent low in late 2020. LNG and container ships have accounted for respectively 35% and 30% of the increase while bulk carriers, tankers and LPG have accounted for the rest. The order book for container ships, however, peaked during the first quarter of 2023 and has fallen since. Year-to-date, the container ship order book has fallen 16%, deviating from the overall growth trend together with the bulk carrier order book which is down 3%. So far this year, the tanker and LNG segments combined have been ...

X-Press Feeders has placed an order for four methanol-ready 11,000 TEU container ships from China’s Shanghai Waigaoqiao Shipbuilding Co. (SWS).

Wallenius Wilhelmsen has declared options to build four additional methanol dual-fuel, ammonia-ready pure car and truck carriers (PCTCs) at China Merchants Jingling Shipyard.

WinGD has secured an order from AET for the world’s first ammonia dual-fuel Aframax tankers, featuring six-cylinder X62DF-A engines.

Due to an anticipated improvement in earnings, Hyundai Glovis Co plans to invest $750 million in six new liquefied natural gas (LNG) dual-fuel car carriers. 

Avenir LNG Limited has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (SOE) in China, for two 20,000cbm LNG bunker and supply vessels. 

Eastern Pacific Shipping (EPS) has signed Memorandums of Understanding (MoUs) with the Maritime and Port Authority of Singapore (MPA) and classification societies, ABS and Lloyd’s Register, committing six of its Ammonia dual-fuel newbuilds to be registered under the Singapore Registry of Ships (SRS) upon delivery.

Martin Christian Wold, Principal Consultant at DNV, presents important information regarding alternative-fuelled vessel orders, as derived from DNV’s Alternative Fuels Insight (AFI) database during March 2024.

Martin Christian Wold, Principal Consultant at DNV, presents important information regarding alternative-fuelled vessel orders, as derived from DNV's Alternative Fuels Insight (AFI) database during February 2024.

Euronav NV has finalized an order for two bitumen, dual-fuel methanol tankers from China Merchants Jinling Shipyard, with delivery scheduled for the fourth quarter of 2026.