New dry bulk designs extend Craig?s cooperation with Vinashin

By developing series production of a full range of modern-design bulk carriers – ranging from handysize up to capsize – at Vietnam Shipbuilding Industry Corporation (Vinashin) yards, UK-based Graig Group will build on its recent fifteen-ship order in Vietnam.

Following an announcement of the Strategic Alliance formed with Vinashin last month, Graig CEO Hugh Williams said: “We see significant potential in Vietnam, and we will be working together with our Vinashin partners to meet the growing demand for modern bulk carriers. The success of our Diamond 53 handymax project in China and in Vietnam proves that owners want well-thought-out and strong vessels at good prices. We will shortly be announcing new sizes of the Diamond range for Graig and its partners. Vinashin is investing heavily in yard capacity, and with our help it will be able to build series of bulkers to quality levels, but with good prices and attractive delivery dates.”

Graig currently has 27 Diamond 53 handymax bulkers on order or building at Chinese and Vietnamese yards. The concept of partnering has been a hallmark of the company?s growth in China. The Graig Group, is also currently discussing long-term partnerships with key shippers and end-users of bulk carriers, to ensure stable employment for the series of vessels.