JES Bags Its Largest Contract Ever

A major private shipbuilding group based in the PRC, JES International Holdings Limited has, through its wholly owned subsidiary Jiangsu New East Marine Engineering, secured a contract for the construction of six 64,000 dwt Ultramax bulk carriers including options for 30 other similar vessels.

The order, worth approx $1.0 billion, came from a company registered in British Virgin Islands and was backed by two private investment funds. The 64,000 dwt Ultramax bulkers will be of SDARI design, a model which is environmental friendly and fuel efficient.

Delivery of the first six vessels is scheduled to take place from December 2015 to January 2016. Delivery of the vessels under the options, if exercised, is slated for 2015 till late 2016.

This new contract comes on top of the Group’s three other recent announcements, made earlier this year, regarding the contract for the construction of 4 Newcastlemax bulk carriers and 2 Post-Panamax bulk carriers, plus options to construct additional 4 Newcastlemax bulk carriers and 3 Post-Panamax bulk carriers.

Year-to-date, the Group has secured confirmed orders of $432.0 million with options outstanding worth another $1.1 billion.

 

May 22, 2014

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
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 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >