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Hantong Shipbuilding Heavy Industry regains orders for Croatian shipowner Ultramax bulk carriers


Recently, the Croatian bulk carrier owner and operator Atlatska Plovidba announced the execution of an alternative order from Hantong Shipbuilding Heavy Industry to add a third 63500 deadweight ton Ultramax bulk carrier.

This new ship is expected to be delivered in 2027, designed to meet the requirements of IMO Tier III and the third phase of the Ship Energy Efficiency Design Index (EEDI), with a cost of $32.5 million, which is the same as the previous two ships. Along with the latest order, the company has ordered three Ultramax bulk carriers from Hantong Shipbuilding Heavy Industry, with a total value of 97.5 million US dollars (approximately 706 million yuan).

As a reference, Clarkson data shows that the current cost of a 61000-64500 deadweight ton Ultramax bulk carrier is approximately $34 million, a 4% increase from $32.75 million in the same period last year.

It is understood that Atlantska Plovidba ordered the construction of two 63500 deadweight ton Ultramax bulk carriers from Hantong Shipbuilding Heavy Industry in February this year, with a delivery date set for 2026. This is the first time Atlantska Plovidba has placed an order to build an Ultramax bulk carrier.

According to official website data, Atlantska Plovidba currently owns and operates a fleet of 11 bulk carriers, including 2 Kamsarmax, 3 Panamax, 4 large and 2 flexible bulk carriers, with a total carrying capacity of 699700 deadweight tons and an average age of 11 years.

Previously, Atlantska Plovidba also built four 82000 deadweight ton Kamsar bulk carriers at Hantong Shipbuilding Heavy Industry in 2021.

As of now, Hantong Shipbuilding Heavy Industry has delivered the first two ships of the series to Atlantiska Plovidba, one of which is resold for $37.6 million, while the other "AP Dubrovnik" still belongs to the Atlantiska Plovidba fleet and has signed a 10-year lease agreement with a Chinese lessee. The other two are still under construction and are expected to be delivered in May 2024.

Excluding the latest orders, Clarkson data shows that Hantong Shipbuilding Heavy Industry currently holds 49 orders of 4.888 million deadweight tons, including 40 bulk carriers and 9 oil tankers, with delivery scheduled for 2026.

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