LOOKING AHEAD

Grieg Shipping Group has signed newbuildings contracts with Hyundai Mipo Dockyard, S. Korea for the building of ten Open Hatch Special Crane vessels. The vessels design represents a further development of our existing Open Hatch Gantry Crane design, which is based on input from the group’s commercial and technical departments as well as sailing personnel, and last but not least close to 50 years of experience from open hatch shipping. Our objective and work towards reduced energy consumption has been an important criteria in the process.
The vessels are 50,000 dwt. and with Panamax beam. Delivery of the vessels will take place during 2012 – 2014.

In addition Grieg Shipping Group has entered into an agreement to purchase two supramax dry bulk vessels which will be built at the Chinese shipyard Yangzhou Dayang Shipbuilding.
The vessels, which are 58.000 dwt, will be delivered during second half 2012.