First Newcastlemax in Oldendorff newbuild quartet named at Hantong

Henry Oldendordd is set for December 3 delivery.[Image: Oldendorff Carriers]

Named today in a ceremony at the Hantong Shipyard in China, the Newcastlemax bulker M/V Henry Oldendorff is the first of four newbuildings, to be delivered by the shipbuilder to Germany’s Oldendorff Carriers between now and late summer 2021.

The first two were sold to subsidiaries of ICBC Financial Leasing with 5 + 5 + 2 years bareboat charters back to Oldendorff Carriers on an index-linked floating rate basis.

• 208,000 dwt MV Henry Oldendorff – delivery December 3, 2020 (sold with charter back)
• 208,000 dwt MV Hugo Oldendorff – delivery Jan / Feb 2021 (sold with charter back)
• 208,000 dwt MV Heide Oldendorff – delivery June 2021 (owned by Oldendorff)
• 208,000 dwt MV Hauke Oldendorff – delivery Aug / Sep 2021 (owned by Oldendorff)

When the last vessel is delivered, Oldendorff will have built a total of 19 ship at the privately owned shipbuilder since 2019, consisting of 12 Kamsarmaxes and seven Newcastlemaxes. Oldendorff has resold eight of the ships to third parties, six of them with floating bareboat charter backs.

Other newbuildings still to join the Oldendorff fleet are the two specialized Transloaders, that are under construction at Chengxi Shipyard for deployment under a 25 year coal transshipment contract in Vietnam.

• 21,500 tdw MV Calypso – takeover Dec 20 / Jan 21
• 21,500 tdw MV Anna – takeover July / Aug 2021