Precious Shipping Orders Twelve Bulk Carriers from China

Precious Shipping has placed an order for twelve new bulk carriers with two Chinese shipyards.

The company has already signed contracts for ten bulk carriers that will be built at Sainty Marine Corporation Ltd. (Sainty). The remaining two shipbuilding contracts with Taizhou Sanfu Ship Engineering Co., Ltd. (Sanfu) will be signed shortly.

Construction price for the bulkers is estimated to be around $27.9 million per ship. The total value of the twelve 64,000 DWT (Ultramax) bulk carriers is $333.8 million.

Most of the newbuildings are slated for delivery in 2015 with the last one to be handed over in late March 2016.

After the acquisition and delivery of the 12 bulkers and the delivery of 18 more vessels that are already under construction, Precious’ fleet will consist of 69 vessels with an aggregate capacity of 2,927,661 DWT and an average age of 8 years.

World Maritime News Staff, March 4, 2014; Image: Wikimedia

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >