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Small tankers prominent on promising orderbook

Small tankers prominent on promising orderbook
“Small builders are playing a role in the recovery of shipbuilding,” noted BRL Shipping Consultants in its BRL Weekly Newbuilding Contracts report

Small shoots of recovery in the tanker orderbook are visible at the smaller shipyards, according to BRL Shipping Consultants. It points to the order of an 8,000-dwt product tanker at Haidong, China.

Haidong has built a series of bunkering tankers, small product and chemical tankers, singledeckers and container feeder ships, none larger than 20,000 dwt.

It currently has on order four small tankers, comprising three 1,000-dwt tankers for Akron Trade & Transport of the UAE, and an 8,000-dwt product tanker for the cabotage service under ownership of Shanghai Xianglian Shipping. Akron Trade & Transport is an oil trader, shipmanager and physical bunker supplier and currently has 18 Haidong-built tankers in its fleet.

BRL noted that there are several tenders for tanker newbuilding contracts including:

  • Abu Dhabi National Oil Company – tender for three plus optional three VLCCs. LNG propulsion considered. Contractor is the shipping division of ADNOC Logistics & Services. Eight shipbuilders invited. Estimated cost $87-90M each.
  • Abu Dhabi National Oil Company – tenders invited for construction of four plus optional four 115,000-dwt. LR2 Aframax products carriers. LNG propulsion considered. Eight builders invited. Order decision before end 2020. Estimated cost $50M each.
  • Rubis Group – Option exercised for an additional 15,000-dwt asphalt/bitumen carrier at China Merchants Jingling (formerly Avic Dingheng).

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