Scorpio Bulkers Inc. (OSLO-OTC: SALT) (or the "Company") announced today that it has reached agreements with three yards in China to construct a minimum of 11 and up to 14 newbuilding vessels designed for the carriage of dry bulk commodities.    The Company has reached agreements with ChengXi Shipyard CO. Ltd. ("ChengXi"), Dalian COSCO KHI Ship Engineering Co. Ltd. ("DACKS"), and Nantong COSCO KHI Ship Engineering Co. Ltd. ("NACKS") for the construction of a minimum of 11 and up ...

In the year to May, the value of ships exported in China is seen have continued a decreasing trend. According to the General Administration of Customs of China, total value of ships exported recorded $12.07bn from January to May of 2013, showing a 27.8% year-on-year decrease. Meanwhile, ship import value amounted to $960m during the same period, increasing by 10.8% year on year while the sum total of vessels' export and import was $13.03bn, decreased by 25.9%. Of which, the value of ship ex...

Jul 18, 2013, Navigator Gas reports that it has entered into agreements to construct one 21,000 cubic meter semi-refrigerated ethylene gas carrier and two 22,000 cubic meter semirefrigerated gas carriers for a combined price of approximately $138 million.  In addition the Company has options to construct a further two 22,000 cubic meter semi-refrigerated gas carriers, exercisable by October 2013.  All vessels will be constructed by Jiangnan Shipyard (Group) Co Ltd. in China, an...

Hellas-based ship owners ordered 60% fewer vessels in June, versus the previous month (which set a record for 2013), but even still, the numbers are 111% bigger than June of 2012. This conclusion is derived from Piraeus-based shipbroker Golden Destiny's latest monthly newbuilding report.   According to the shipbroker, Hellenic owners placed orders for a total of 19 newbuildings, with containers holding 53% share of their business. "In June 2012, Greek owners had shown subdued activity in...