Grimaldi Chose Avic Weihai for Finnlines' Two New Ferries
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SINCE 2004 FIRST ON THE WEB, ALWAYS FIRST ON THE NEWS www.ship2shore.it Editor in chief: Angelo Scorza Year XV, N.48 - Genoa, 23 December 2019 www.ship2shore.it FERRY 17/12/2019 Grimaldi chose Avic Weihai for Finnlines’ two new ferries The deliveries are scheduled from 2023 onwards and the price should be around $135 million each Grimaldi Group of Italy has chosen the As the co-CEO Emanuele Grimaldi, reve- maldi Group will build ro-pax ferries in Chinese shipyard Avic Weihai for ordering aled at the last Euromed Convention held Asia. a pair of Super Star Class ferries due to be in Sicily last October, these new ice-class Other shipyards shortlisted were Hyun- operated by Finnlines. ferries are an evolution of the Fincantieri- dai Mipo in South-Korea, Jinling and Sources revealed to Ship2Shore that this built Star-Class vessels. Guangzhou Shipyard International in week the Naples-based ferry company may They will have capacity of 5,100 lanemetres China. All European shipyards were left already have sealed the contract with the and 1,212 passengers who can be accom- out since the price were up to twice as high. mentioned shipyard for a price of roughly modated in 323 cabins, as well as the big- The two newbuildings are to be designed by $135 million each and delivery scheduled gest battery pack ever mounted on a ship. Knud E. Hansen. from 2023 onwards. This is the first time in its history that Gri- Nicola Capuzzo Grimaldi’s newbuilding, first of the G5GG series, launched at sea GAS 17/12/2019 Carboflotta might order a newbuilding Best Wishes to all our Readers! TOP THREE Next issue of Ship2Shore will MOST READ OF THE WEEK In order to replace Marola, the unit about to be sold, the Genoese group is be on line on 7th January 2020 1° evaluating the possibility to order a newbulding featuring hybrid propulsion Tirrenia CIN to shut down Naples and Cagliari foretelling Being about to sell Marola – one the 6 in progress”, the Genoese shipowner life, i.e. some 10 years. At present, the some 1,000 redundancies gas carriers of its midsize and handysize ensured. product in greatest demand is LPG but, fleet transporting LPG and ammonia - The unit will be sold for a very simple although changing products is techni- 2° Genoa-based group Carbonfin-Carbo- reason: “Since it was delivered, in 2003 cally possible, it requires expensive A new ro-pax line from Italy flotta will probably order a new unit. by Fincantieri’s Ancona-based plant, cleaning operations of both tanks and Carbonfin chairman Enrico Filippi – Marola was deployed by the same char- loading system”. SPECIALISTI IN to Albania managing the family group with his terer, which always used it to transport The decision to sell the ship is based on SHIPPING FINANCE 3° cousin Enrico Telesio – explained the ammonia. The contract will expire at the the present state of the market which, E DIRITTO MARITTIMO company’s strategy to Ship2Shore. The end of this year”, Filippi explained. as for all shipping segments, is cyclical, Zacchello shut down Motia unit Marola (with a capacity of 37,000 At this point, the company can choose thus causing shipowners to operate with and started afresh with Maia cubic meters) could be disposed of in among several options: “Being 16 years wfw.com/maritime Shipping upcoming weeks: “Negotiations are old, the unit still has a rather long useful to be continued at page 2 2 www.ship2shore.it Monday 23 December 2019 continued from the first page a countercyclical dynamics: “Between the ongoing negotiation, though keeping present, there are not many shipyards that “at present, the standard version of This extra option is quite expensive, 2012 and 2015, freights, and conse- its details confidential. which can built midsize gas carriers this kind of ships costs some 48 million “around 4-5 million dollars”, but it will quently the value of second hand units, As concerns the possible units to replace (with a capacity of 38,000 cubic meters): dollars, which might increase to 50 in definitely imply returns: “A similar fea- remained high, achieving 1 million dol- the ship for sale, Filippi explained: “We Hyundai Mipo enjoys the monopoly, case of changes”. ture would have a significant commer- lars per month for 1-year time-charter are evaluating several options and we therefore I believe that we might place In fact, Carbonfin will probably require cial appeal because it is not common, agreements. After that, they witnessed might even purchase a modern second our order with them”. Filippi did not a change: “Since we plan to order a and it would allow us to comply with a drop and in 2018 they achieved their hand vessel, though our most likely exclude Chinese shipyards, although in modern ship, we are evaluating the pos- the IMO 2020 regulation at competitive negative record of the past 30 years with option is ordering a newbuilding”. this market segment they are penalised sibility to equip it with a hybrid fuel prices because LPG is cheaper than low- less than 450,000 dollars per month”. It all depends on the market: “Prices by several factors: “Despite the fact that supply system in order for it to be pow- sulphur bunker fuel”. During that weak market period, “we of second hand units rapidly adapt to they are not as reliable and efficient as ered by part of the LPG cargo it carries”. “If we place our order, we will do it their South Korean competitors, for this This system works like that of LNG car- in the first quarter of 2020, and in said kind of ships their prices are not signifi- riers and it is being used also for LPG case the newbuilding might be delivered cantly lower, therefore choosing them carriers: “So far, a similar system was in the first months of 2022”, Carbofin would be pointless”. installed on a larger unit, but it is avail- chairman concluded. As concerns the price, Filippi revealed able also for mid-size tonnage”. Francesco Bottino managed to conclude a good deal pur- freight trends, therefore at present they chasing the almost new ship, Enrico are quite high. This is a good time to sell, Fermi, at a very competitive price”. but not as good to buy”. Now that the market is growing steadily On the other hand, as concerns new- again, “with monthly instalments up to buildings “shipyards still have a signifi- 900,000 dollars and the value of second cant capacity available, and they need hand units increasing accordingly, we to saturate it in order to bear the costs think it is the right time to sell Marola”. to manage their plants. For this reason, Carbofin already applied for its cancel- although the market is growing, it is still lation from the Italian register of ships – possible to obtain good prices for new- “we acted in advance because the appli- buildings”. cation must be published for 60 days In this respect, the Genoese company has before becoming enforceable” – and already made up its mind about the ship- Filippi is confident about the outcome of yard and the necessary investment: “At 3 www.ship2shore.it Monday 23 December 2019 TANKER 17/12/2019 Premuda’s former Four Smile was sold The Suezmax oil tanker built in 2001 belongs to a Cypriot company and it was renamed Metis Genoa-based company Premuda finally ships due to its sale. beneficial owner. completed the sale of its Suezmax oil According to the document, the tanker As concerns its sale price, according to tanker Four Smile started last autumn. was supposed to be registered in the rumours it amounted to some 17 million The rumours according to which the Maltese register, but at present inter- dollars, while according to the specia- ship – built in 2001 with an 81,000 gross national databases evidence a different lized web site VesselsValue the market tonnage and a capacity of 160,000 dwt – situation: in fact, Premuda’s former Four value of this ship amounts to 16 million was about to be sold proved right: Pillar- Smile was renamed Metis and it flies the dollars. stone Italy’s subsidiary already submit- Cypriot flag, while its new registered According to MarineTraffic, at present ted an application to the Coast Guard owner is the Cypriot company Vanore the unit Matis is sailing in the Far East, of Genoa for the cancellation of its unit Ltd, although several market sources between Southern Korea and Singapore. Four Smile from the Italian register of referred to a Middle Eastern group as it Francesco Bottino BULKER 16/12/2019 Gavarone & Co. added a modern Kamsarmax unit to their dry fleet The vessel Andromeda Ocean was chartered for 5 years by Crystal Maritime Trading and it will be managed through Crystal Maritime Services UK Rimorchiatori Riuniti group added a new and we decided to seize this opportunity. 2011, Hampton Bridge built in 2013 and unit to its fleet of bulk carriers. Its daily instalment amounts to some Hampton Bay built in 2009), while Crys- The vessel was not purchased, as several 11,7000 dollars, and there are no options tal Maritime Trading (Malta) Limited is shipping brokers erroneously reported, provided for at the end of the agree- the commercial branch active in the dry rather it was chartered for 5 year from the ment”, explained Gavarone, adding that shipping market and focusing on charters Japanese group Mitsubishi dealing with “the transaction was carried out by our of Kamsarmax and Panamax class ships. several shipping sectors, including ship- company in Malta, while the commercial London-based company Crystal Maritime owning and shipbuilding.