Asian shipbuilders in order frenzy

Daewoo Shipbuilding won six VLCCs from Vela with delivery of 2009. Shina Shipbuilding won four 41,000DWT product carriers from Ocean Tanker in Singapore. IHI MU in Japan won a new order of a 300,000DWT VLCC from NYK. NACKS in China snapped up two 75,000DWT bulk carriers and Xinhe Shipbuilding won two 6,500DWT multi purpose carriers from Briese.