Greater China

Handysize splurge at AVIC Weihai

Dalian: The latest weekly commentary from broker Clarkson Hellas shows a slew of handysize bulkers being ordered in China. AVIC Weihai has taken orders for up to six handysizes including three options. Visentini Giovanni Transporti placed contracts for two plus two 38,000dwt bulk carriers at the yard with delivery of the firm vessels in the first half of 2015 and options later in 2015 if declared. Globeco placed a smaller order for one plus one 38,000dwt ships at the same yard, also for delivery in 2015. Pricing for all these ships was in the $20m range.  [11/06/13]

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