Remaining Orderbook grows to 21 Eco Bulk Carriers

25th June 2018


The recent declaration of two Kamsarmax newbuilding options has increased our orderbook: Between end 2018 and mid-2020, OLDENDORFF CARRIERS will receive another 21 “eco” bulk carrier newbuildings from yards in Japan and China, which were mostly ordered between 2015 and 2017 at historically attractive prices.

 OSHIMA Shipbuilding will deliver 2 x 100,000 tdw Post-panamaxes and 3 x 62,000 tdw Ultramaxes during the first half of 2020. The Oshima designs are setting new benchmarks in terms of low fuel consumption.

 HANTONG Ship Heavy Industry will build 7 x 82,000 tdw “Sdari” design Kamsarmaxes between 2019 and spring 2020, two of which will have ice class 1c.  The series will feature “MAN-B&W” engines imported from Korea, “Yanmar” auxiliary engines imported from Japan and optimized “Nakashima” propellers.  The latest two ships at Hantong were options, which were declared earlier this month. The total number of vessels ordered at Hantong was 10, but 3 ships were later resold to other owners. 

 NACKS (Cosco / Kawasaki JV yard in Nantong) and DACKS (the sister yard in Dalian) will build 6 x 61,000 tdw Ultramax bulk carriers for us to a high specification, which will all deliver next year. Finally, we will receive 3 x 36,000 / 38,000 tdw Handysize vessels from two Chinese yards in 2018 and 2019. 

 Last month, we agreed to sell 13 Ultramax vessels for delivery until September 2018 to an Asian buyer with 2 years time charter back, based on a floating rate structure. The package contains 8 x 63,500 tdw bulk carriers built at Qingshan and Yangzijiang (built 2015 – 2018) and 5 x 61,000 tdw Ultramaxes built at Imabari and NACKS (all built in 2014).    

 Overall, our company has now bought or ordered 137 vessels for takeover between 2013 and 2020, of which in the meantime 47 ships were sold on and 9 older acquisitions were also sold in the same period. This means, that for delivery between 2013 and 2020, our S&P desk has entered into 193 transactions (acquisitions and sales).

This latest option declaration at Hantong means that we will have bought a total of 100 newbuildings and newbuilding resales in China since 1986, involving 21 different Chinese yards. Jinling (17) and Hantong (15) are on top of the list, followed by NACKS / DACKS (10), Yangzijiang (8), SWS (8) and Taizhou Kouan (7)

    Name Hull No.  TDWDelivery Yard
1   Dietrich Oldendorff # 10968 100,000 2020   Oshima
2   Diane Oldendorff # 10969 100,000 2020   Oshima
3   Knut Oldendorff # 201 81,600 2019   Hantong
4   Kim Oldendorff # 202 81,600 2019   Hantong
5   Klara Oldendorff # 213 81,600 2019   Hantong
6   Kendra Oldendorff # 215 81,400 2019   Hantong
7   Kaspar Oldendorff # 216 81,400 2019   Hantong
8   TBN Oldendorff # 241 81,500 2020   Hantong
9   TBN Oldendorff # 242 81,500 2020   Hantong
10   Beate Oldendorff #10882 62,500 2020   Oshima
11   Benjamin Oldendorff #10914 62,500 2020   Oshima
12   Britta Oldendorff #10930 62,500 2020   Oshima
13   John Oldendorff # 244 61,500 2019   NACKS
14   Julius Oldendorff # 240 61,500 2019   NACKS
15   Jan Oldendorff # 241 61,500 2019   NACKS
16   Jacob Oldendorff # 055 61,500 2019   DACKS
17   Jens Oldendorff # 062 61,500 2019   DACKS
18   Jonas Oldendorff # 063 61,500 2019   DACKS
19   Dorthe Oldendorff # 1001 38,000 2018   Huahai / Beihai
20   Christiane Oldendorff  # 1058 36,000 2018   Samjin Heavy
21   Christopher Oldendorff # 1059 36,000 2019   Samjin Heavy