Page 45: of Maritime Reporter Magazine (July 2014)

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In addition to its own mobile BWT system, Da- men can also advise on type-approved BWT sys- tems for onboard retrofi tting, as well as retrofi t engineering and installation. Damen Shiprepair &

Conversion has 16 repair and conversion yard fa- cilities, with 40 dry docks worldwide.

Oman Drydock Company (ODC) claims it made a “giant leap” forward in its campaign to be- come one of the leading shipyards in the world for

LNG repairs after it was awarded the Gaztransport & Technigaz (GTT) license at Posidonia.

ODC chairman Dr. Abdulmalik Al Hinai was joined by GTT CEO Phillippe Berterottiere at the

ODC stand to make the announcement.

ODC is one of the newest and biggest ship- yards in the world and is based in Duqm, Oman’s planned new ports and logistics mega city. Fol- lowing a soft opening in 2011 the $1.5bn shipyard,

Greek Shipowners Prefer Bulkers

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at the buying end of 43% of all bulker sales completed so far in 2014. As of June 2014, the number of Greek bulker purchases so far is 91, compared to 81 for the full year of 2012. The level of activity seen so far in 2014 would suggest Greek owners are on target to top the 199 bulker purchases completed in 2013. “The interest is much centered on bulkers and has become more and more explicit over the past two years, whereas

Greek buying interest in tankers and containerships is fl at,” said Peter Sand, Chief Shipping Analyst,

BIMCO. The market share of Greek tanker purchases has averaged at 19% in the past 2.5 years. So far this year, Greek owners has bought 39 tankers, only 12 of these built before 2000.

Newbuild Investment

Greek ship owners are not only the most active nation when it comes to sales and purchases, they are also investing the most in newbuilding contracts, BIMCO re- ported. Since 2010, contracts made by owners in Greece total $51B, dwarfi ng the likes of Norway and

China as buyers. “The Greek ship owners’ inter- est in newbuilding contracts has continued into 2014, where 73 new contracts valued at $4.3 billion have been signed,” said Sand. “Due to a focus on higher value ship seg- ments, they consistently top China on value, despite losing out on the total number of contracts signed for all years but 2013”.

China has signed a total of 98 newbuilding contracts in 2014. In 2013, ship owners in China signed 270 contracts, but Greek ship own- ers went up to 284.

Sour ce: BIMCO, CRSL

GTT, Oman Drydock Get the Deal Done

ODC chairman Dr. Abdulmalik Al Hinai and GTT CEO Phillippe

Berterottiere. (Photo: Oman Drydock)

News Flash!

MR #7 (42-49).indd 45 7/1/2014 10:53:01 AM