Report: Ocean Longevity Orders 3 Panamax Bulkers at Oshima, Sasebo

DAO Shipping Hong Kong-based shipping company Ocean Longevity has been tied to the order of three Panamax bulk carriers at two Japanese shipyards. Namely, data from VesselsValue shows that the company has placed the order for one 77,000 dwt and one 84,000 dwt bulker at Oshima shipyard. In addition, Ocean Longevity ordered one 77,000 dwt ship at Sasebo yard. The price the company will pay for three newbuildings was not disclosed. However, the market value of the 84,000 dwt ship currently amounts to USD 28.95 million, while the market value of each of the 77,000 dwt bulkers stands at USD 26.92 million, according to information provided by VesselsValue. Each of the three Panamaxes is scheduled for delivery in 2020. World Maritime News contacted the shipping company and the two shipyards for more details on the matter, however, the parties are yet to reply. World Maritime News Staff