Plans for the construction of ten ships and the purchase of nine used ones
The current investments of the Capital Maritime & Trading of the Greek shipowner Vangelis Marinakis in newly built and second hand container transport ships exceed 1 billion dollars.
The investments include the construction of ten container vessels and the purchase of nine containerships, which add 170,000 Teu to its fleet at a time when all indications are that the fares and values of the vessels in this sector are on the rise.
In particular, Capital Maritime & Trading, which appears to have been in the containerships industry in a timely manner, recently placed an order for six newly built neo-panamx vessels with a capacity of 13,000 Teu each, in South Korean shipyards, following the installation of other four ships shortly before the end of 2020.
It also acquired six “second-hand” ships with a carrying capacity of 3,750 Teu, one from the German shipping company Rickmers Reederei, increasing the number of secod hand ship purchases in the last three months to nine. Orders for new products
Orders for new containersips come at a time when big “players” such as Wan Hai Lines, CMA CGM, Zim and Evergreen Marine are looking to order similar ships. Capital also moves as freight rates on container vessels move upward as does the value of ships, with scheduled companies seeking to buy their own capacity instead of chartering it, according to Tradewinds.
Shipyards are now moving upwards and shipyards are raising prices very quickly, the broker explains, adding that Capital Maritime is one of the first shipping companies to search shipyards for new construction since last year. He has great confidence in the industry and believes that he can find employment for the new ships without much difficulty, he added to Tradewinds.
Samsung and Hyundai Now regarding Capital Maritime’s new orders, market information states that one contract is with Samsung Heavy Industries shipyards to build four ships and the other with Hyundai Samho Heavy Industries to build two containerships . The delivery of the ships is expected to take place between the third quarter of 2022 and the first quarter of 2023.
The two ships ordered at the Hyundai Samho are the implementation of the option to continue ordering four ships, an agreement signed last December.
The value of each ship is estimated at $ 100 million, while in the meantime the prices for the same ships reach $ 110 million, brokers report to Tradewinds.
Sources said the ships will be equipped with 2,200 refrigerator sockets and are suitable for trade in the wider Latin American region. They are designed to meet Phase 3 of the Energy Efficiency Design Index.
It is also worth noting that Capital Maritime still has other options at the two shipyards for additional orders on container vessels. As for the six second hand ships acquired by Rickmers Reederei, they have
was built in 2007 and is: Spirit of Hamburg, Spirit of Shanghai, Spirit of Auckland, Spirit of Melbourne, Spirit of Sydney and Spirit of Singapore
Although the sales cuts were not disclosed, valuation firm VesselsValue estimates the value of each between $ 15 million and $ 16 million. They are all chartered to AP MollerMaersk.
The CPP
In addition, at the end of January, Capital Maritime sold three containerships, the Seattle Express, Long Beach Express and Fos Express, with a carrying capacity of 5,100 TEU each for $ 40.5 million each. by relevant approval of a special committee of the board of directors of the listed company. According to the announcement of the listed company, Fearnleys Securities was financial advisor of the transaction and Fried, Frank, Harris, Shriver & Jacobson LLP legal advisor. Finally, it should be noted that Capital Maritime & Trading also has a fleet of 43 tankers and seven liquefied natural gas (LNG Carriers).
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