Pratt & Whitney to Expand Full-Flight Data Capability with Teledyne Controls. Pratt & Whitney (Raytheon Technologies Corp.) has signed an agreement with Teledyne.
CDB Leasing expands fleet with order for eight bulk carriers at Cosco yard
China Development Bank Financial Leasing (CDB Leasing) is pursuing its shipping fleet expansion with orders for eight 80,000dwt bulk carriers placed with Cosco Shipping Heavy Industry (Yangzhou). The ships, with a total order value of US$221.6 million, are scheduled to be delivered in 2023 and 2024.
Last December CDB Leasing entered the global tanker market, agreeing to acquire 14 product tankers for a total of US$422 million from Maersk Product Tankers. The ships were built between 2016 and 2020.
Maersk Product Tankers, a joint venture between Denmark-based AP Moller Holding and Mitsui, will continue to operate the vessels.
Ship Owners Adding More Newbuildings and Secondhand Ships As Freight Market Improves
In its latest weekly report, shipbroker Allied Shipbroking said that “these past two weeks we saw 4 kamsarmaxes and 1 handysize being added in the global dry bulk orderbook. The encouraging freight market performance during the last few months has overall boosted interest for newbuilding projects. However, it seems that there is a slow-down noted of late, partly driven by the increases noted in the orderbook in the year so far. The total orders in the period Jan-Apr 2021 have reached 52 units, while the respective number for the same period in 2020 was just 36. The rising newbuilding prices have also played a key role in this step back during the last few weeks. However, as interest remained vivid, it is almost certain that more business will emerge during the coming weeks, on the back of the impressive earnings. In the tanker market, fundamentals are pointing towards a completely different direct