Blumenthal switches capesize newbuildings to suezmax tankers

Blumenthal switches capesize newbuildings to suezmax tankers

Athens: Reederei Johann MK Blumenthal is swapping its capesize bulk carrier newbuilding contracts for suezmax tankers, brokers’ reports say.

The Hamburg-based shipping company currently has four of the bulk carriers under construction at Hyundai Heavy Industries, South Korea.

The vessels’ delivery windows have also changed. Three vessels were originally scheduled to arrive this year and a fourth in 2016. Now all four vessels will be delivered by March 2017.

The conversion marks a new foray into tankers for the German firm. Apart from one 2,523-teu containership, Blumenthal operates a fleet of purely bulk carriers, comprising five capesizes; four panamax bulkers, five supramax and nine handysize bulk carriers.

Blumenthal is not the first to swap bulker newbuildings for tankers. In February, Scorpio Bulkers announced its plans to change its contracts for three new capesize vessels to three LR1 product tankers at an unnamed South Korean shipyard.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

Related Posts