Greece’s Almi Marine returns to the newbuilding market

Greece's Almi Marine returns to the newbuilding market
Greece's Almi Marine returns to the newbuilding market

Greek shipowner Almi Marine has returned to the newbuilding market after 15 years, placing an order for 3 bulk carriers at Dalian COSCO Shipping Kawasaki.

It is reported that Dalian COSCO Shipping Kawasaki and Almi Marine signed a construction contract for three 64,000-dwt Ultramax bulk carriers on April 21, and the new ships will be delivered in 2024. This is the first new ship order undertaken by Dalian COSCO Shipping Kawasaki this year, and the specific price has not been announced.

It is reported that Almi Marine started negotiating with Dalian COSCO Shipping Kawasaki about 4 months ago to order new ships. The initial plan was to order 2 Ultramax ships, but then the order quantity was expanded to 3 ships. This series of ships will meet the Ship Energy Efficiency Design Index (EEDI) Stage 3 requirements.

For Almi Marine, the Dalian COSCO Shipping Kawasaki order is the company's first order for a new vessel since 2007. According to Clarksons data, Almi Marine last booked a ship in 2007, when the company placed an order with STX Marine Shipbuilding for three 57,260 dwt Handysize bulk carriers, three ships from 2010 to 2011 Year delivered.

At present, Almi Marine's fleet has 7 bulk carriers with a total capacity of about 400,000 dwt, of which the youngest is the 58,635 dwt "Sole" built in 2013, which was acquired by Almi Marine in March last year.

Clarksons data shows that at present, Dalian COSCO Shipping Kawasaki has a total of 31 orders of 3.4892 million dwt, including 11 container ships and 20 bulk carriers, and the delivery time has continued until 2025.