Elka ship brokerage and trading
As expected, ship owners have kept their stance of refraining from more newbuilding orders, as oversupply issues have plagued the freight markets during these past few months. With things expected to get worse, from the point of view of tonnage supply, it's only natural that owners limit their newbuilding ordering activity, at least until demand picks up in a series of markets.
In its latest weekly report, Clarkson Hellas said that "it has been a quiet week in the Newbuilding market with levels of new enquiry remaining relatively subdued. This is not to say however that the market has been devoid of activity and there have been further reports of new business being concluded in both the Dry Bulk sector in China and Gas Carrier sectors.
As has been previously mentioned in regards to the yards in China - due to the rapid expansion of its shipbuilding capacity over the past few years, the various yards are more and more having to come to terms with this market of limited demand. In Korea meanwhile, the major yards have continued to announce new business within the Offshore sectors and look to be making strong progress towards their order targets for the year.
With so much of the major yards revenues last year made up of these offshore projects, it continues to look likeas predicted, will follow the same pattern" concluded Clarkson Hellas. In a separate and rather contradicting report, shipbroker Golden Destiny mentioned that "business picked up again, due to a remarkable rise in the tanker segment and strong LNG and LPG placement of orders. Notable ordering business has been in the tanker segment with Brazilian OSX winning contract to build eleven 45, dwt elka ship brokerage and trading carriers to serve cabotage trade for delivery between and In the supramax segment, Taizhou Kouan Shipbuilding of China is said to have won a contract for 10 units with 51, dwt by a domestic owner for delivery between June and December next year at an undisclosed contract price.
The order is at the letter of intent stage and not further details have been revealed by the owner. An option for one more unit is still on hold, while all the three units ordered have a 15year commitment to Petrobras, Brazil. In the MR segment, Petrobras has now awarded Brazilian Elka ship brokerage and trading a contract to build eleven 45, dwt product carriers to serve cabotage trade for delivery between and In the gas tanker segment, Russian owner Sovcomflot has placed two 20, cu.
The company said that the vessel will feature dual fuel technology. It went on to mention that "in the multipurpose liner segment, China Navigation Co. The vessels are elka ship brokerage and trading friendly design and will burn only 18 tonnes per day on a speed of 14 knots.
Furthermore, Norwegian offshore specialist STX OSV has won a contract for the construction of one advanced subsea support vessel for Island offshore with elka ship brokerage and trading in 1q It will be 96m long and have a 21m beam and will be elka ship brokerage and trading with a tonne offshore crane and ROV systems capable of operating at depths of up to m.
Newbuilding orders lull on the back of oversupply elka ship brokerage and trading.
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