Oldendorff Confirms Order for Bulker Duo at Oshima

ShippingIllustration. Image Courtesy: Pexels under CC0 Creative Commons license

German shipping company Oldendorff Carriers has confirmed an order for two more Kamsarmax bulkers ordered earlier from Japanese shipbuilder Oshima Shipbuilding.

Although the price details related to the newbuilding contract have not been disclosed, each of the two vessels is estimated to be worth USD 31.1 million, VesselsValue’s data shows.

The data further suggests that the bulkers will be named Diane Oldendorff and Dietrich Oldendorff and will each feature a length of 235 meters and a width of 38 meters.

Oshima Shipbuilding will deliver the two 100,000 dwt units, along with another three 62,000 dwt Ultramaxes, during the first half of 2020. The company said that Oshima designs are setting new benchmarks in terms of low fuel consumption.

The company said that the newbuilding options increased its orderbook, and Olderndorff now expects to receive another 21 eco bulk carrier newbuildings from yards in Japan and China Between end 2018 and mid-2020. These units were mostly ordered between 2015 and 2017 at historically attractive prices.

Hantong Ship Heavy Industry will build seven 82,000 dwt Sdari-design Kamsarmaxes between 2019 and spring 2020, two of which will have ice class 1c. The latest two ships at Hantong were options, which were declared earlier this month.

NACKS (Cosco / Kawasaki JV yard in Nantong) and DACKS (the sister yard in Dalian) will build six 61,000 dwt Ultramax bulk carriers, which will all deliver next year. Finally, the company will receive three 36,000 / 38,000 dwt Handysize vessels from two Chinese yards in 2018 and 2019.

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