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Two ships worth 700 million yuan! Zhoushan Changshi Shipbuilding wins an order for methanol dual fuel bulk carriers


On February 14th, Greek shipowner Diana Shipping announced the official signing of a contract with Zhoushan Changshi Shipbuilding for the construction of two 81200 deadweight ton methanol dual fuel bulk carriers.

These two Kamsarmax bulk carriers cost approximately $46 million each, with a total transaction amount of approximately $92 million (approximately RMB 672 million). It is expected that the new ships will be delivered and operated in the second half of 2027 and the first half of 2028, respectively.

As a reference, Clarkson data shows that the current cost of an 82000-84000 deadweight ton traditional fuel bulk carrier is approximately $35.75 million, a 7% increase from $33.5 million in the same period last year.

Previously, Diana Shipping had signed a letter of intent for the construction of related ships with Japan's Changshi Shipbuilding Group in September last year.

Diana Shipping stated that this type of ship meets the requirements of the Energy Efficiency Design Index (EEDI) Phase III and the International Maritime Organization (IMO) Tier III regulations. A notable feature is the ability to alternate the use of methanol or fuel. When using sustainable methanol fuel, according to the fuel life cycle assessment method, these ships have almost zero greenhouse gas (GHG) emissions.

In addition to the latest orders, Diana Shipping currently has a fleet of 40 dry bulk carriers, including 4 Newcastlemax, 9 Cape of Good Hope, 5 Super Panamax, 6 Kamsarmax, 7 Panamax, and 9 Ultramax. Excluding the two under construction new ships that have not yet been delivered, the total carrying capacity is approximately 4.5 million deadweight tons, with an average age of 10.64 years. The company's ships are mainly used for medium and short-term chartering, transporting various dry bulk cargo on global routes, including commodities such as iron ore, coal, grains, and other materials.

According to Clarkson's data, Zhoushan Changshi Shipbuilding currently holds a total of 55 orders of 3.6338 million deadweight tons, including 47 bulk carriers and 8 container ships, with delivery scheduled until 2028.

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