Ship Owners Active in Both the Newbuilding and S&P Markets
With rates steadily on a high, in both the container and dry bulk market, it seems that owners are rather active to “fish out” the best deals available in both the newbuilding and S&P markets. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the major news this month is CSSC Group announcement at the very end of the month, the signing of 22 Vessels with CMA CGM. These consist of six 13,000 TEU D/F at Hudong Zhonghua, six 15,000 TEU D/F at Jiangnan SY and ten gearless 5,500 TEU at Beihai Shipyard all for delivery from the end of 2023 and into 2024. Sea consortium have continued their recent ordering trend, this time signing four, option four 7,000 TEU Vessels at SWS for delivery from second half 2023 and again into 2024. Dae Sun Shipbuilding took orders for four firm plus up to four option 33,000dwt stainless tankers from Ace Tankers with delivery from 2Q 2023. In the Gas carrier market, Hyundai
Photo - Avin International The world’s first ammonia fuel-ready vessel is under construction for Greek shipowner Avin International at a Chinese shipyard.
The ABS-class suezmax tanker is being built at New Times Shipyard and complies with ABS Ammonia Ready Level 1 requirements indicating it is designed to be converted to run on ammonia.
It is one of a potential order for three tankers, and all three vessels, if built, was also meet ABS LNG ready requirements.
Patrick Ryan, ABS senior vice president, global engineering and technology, said: “Ammonia is a promising zero-carbon fuel that can help meet the IMO’s GHG reduction target for 2050. It offers shipowners and operators a zero-carbon tank-to-wake emissions profile but is not without challenges, not the least of which is the greater prescriptive requirements for containment and equipment than most of the other alternative fuels under consideration.”