Shih Wei Navigation of Taiwan has boosted its newbuildings tally with five more vessels. The bulker player says it has ordered two 37,000-dwt handysizes and three 14,000-dwt general cargoships at yards in Japan, bringing its orders there to 16.
Shih Wei president Cheng Cheng-Lung says Saiki Heavy Industries is building the handysize pair for 2013 delivery while Higaki Shipbuilding is constructing the cargoships for delivery in 2011 and 2012.
Shih Wei did not disclose any prices but market players suggest the 37,000-dwt vessles will be in the high $20m range, while the cargoships will be around $18m.
This latest order brings the total number of handysizes Shih Wei has under construction at Saiki to seven. The first five are slated for 2010 to 2012 delivery.
According to London broker Clarksons's database, Shih Wei has one 82,000-dwt kamsarmax and one supramax bulker on order at Tsuneishi Shipbuilding for delivery in 2012 and 2010, respectively; two 75,000-dwt bulkers at Oshima for 2011 and 2012 delivery and two 32,000-dwt bulkers at Hakodate for 2012 delivery.
Listed on the Taipei exchange, Shih Wei's website states that it controls 40ships comprising one panamax bulker, three supramaxes,11 handysizes, 14 multipurpose(MPP) vessels and 11 log carriers.