Chinese shipbuilders attract European ship owners

Hudong Zhounghua Shipbuilding (HZS) in China secured an order for a 74,500dwt bulk carrier from Italian owner D?Amato for delivery in December 2007. Last year D?Amato had placed an order for two similar vessels with the same shipbuilder.

HZS also won a further order for two more of this size bulk carrier from a Hong Kong ship owner for delivery in October 2006 and January 2007 respectively.

Another Chinese shipbuilder, Guangzhou Shipyard, bagged orders for three more 38,500dwt product carriers from Norden in Denmark. These are the fourth, fifth and in June 2005 and last ship in May 2007. They have a cargo capacity of 45,000 cbm.