Image credit: Oldendorff Carriers

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Dry bulk shipowner and operator Oldendorff reports that it has increased its order book with the confirmation of two Kamsarmax newbuild options, bringing the number of 'eco' bulk carriers it is set to receive from Japan and China between the end of 2018 and mid-2020 to 21.

Oshima Shipbuilding is due to deliver two 100,000-deadweight-tonne (dwt) Post-Panamaxes and three 62,000-dwt Ultramaxes during the first half of 2020. According to Oldendorff, Oshima's ship designs are "setting new benchmarks in terms of low fuel consumption."

Hantong Ship Heavy Industry will be building seven 82,000-dwt Sdari-design Kamsarmaxes between 2019 and the spring of 2020. The series will feature MAN-B&W engines, Yanmar auxiliary engines and optimized Nakashima propellers.

The total number of vessels ordered at Hantong was 10, but three ships were later resold to other owners.

Nantong COSCO KHI Ship Engineering (Nacks) and Dalian Cosco KHI Ship Engineering (Dacks) are due to build six 61,000-dwt Ultramax bulkers for delivery in 2019.

Also, three 36,000-38,000-dwt handysize vessels are due to be delivered from two Chinese yards in 2018 and 2019.

'Eco' ships

Oldendorff usually has around 700 bulk carriers under operation at any one time. Since 2014, the firm has invested in around 60 'eco' newbuilds featuring low fuel consumption and reduced emissions compared with older ships.

Most of Oldendorff's long-term, time-chartered ships are also 'eco' type ships.

Towards the end of May, Oldendorff was confirmed as a member of the Sustainable Shipping Initiative (SSI), whose members are working together with NGOs Forum for the Future and WWF to help create a more environmentally sustainable maritime industry by 2040.

Sales and purchases

Last month, Oldendorff agreed to sell 13 Ultramax vessels for delivery until September 2018 to an Asian buyer with a two-year time charter, based on a floating rate structure. The package includes eight 63,500-dwt bulk carriers built (2015-2018) at Qingshan and Yangzijiang and five 61,000-dwt Ultramaxes built (in 2014) at Imabari and Nacks

Overall, Oldendorff says it has now bought or ordered 137 vessels for takeover between 2013 and 2020, of which 47 ships were sold on and 9 older acquisitions were also sold in the same period.

Bunker consumption

Back in February, Oldendorff reported that it consumed 3.5 million tonnes of marine fuel in 2017, which was a 30 percent increase on the 2.7 million tonnes used the year before and a new record for the bunker buyer.

Overall, Oldendorff's fleet of ships received 6,232 bunker deliveries, which was a year-on-year jump of 1,341, or 27.4 percent.

Commenting on the results at the time, Jens Maul Jorgensen, director of the firm's bunker desk, told Bunker Index that the rise was due to the expansion of its fleet and an increase in activities.

Upcoming newbuild deliveries

A list of Oldendorff's 21 upcoming 'eco' bulk carrier newbuild deliveries between the end of 2018 and mid-2020 has been provided below.

No.	Name	Hull No.	DWT	Delivery	Yard
1	Dietrich Oldendorff	10968	100,000	2020	Oshima
2	Diane Oldendorff	10969	100,000	2020	Oshima
3	Knut Oldendorff	201	81,600	2019	Hantong
4	Kim Oldendorff	202	81,600	2019	Hantong
5	Klara Oldendorff	213	81,600	2019	Hantong
6	Kendra Oldendorff	215	81,400	2019	Hantong
7	Kaspar Oldendorff	216	81,400	2019	Hantong
8	TBN Oldendorff	241	81,500	2020	Hantong
9	TBN Oldendorff	242	81,500	2020	Hantong
10	Beate Oldendorff	10882	62,500	2020	Oshima
11	Benjamin Oldendorff	10914	62,500	2020	Oshima
12	Britta Oldendorff	10930	62,500	2020	Oshima
13	John Oldendorff	244	61,500	2019	NACKS
14	Julius Oldendorff	240	61,500	2019	NACKS
15	Jan Oldendorff	241	61,500	2019	NACKS
16	Jacob Oldendorff	055	61,500	2019	DACKS
17	Jens Oldendorff	062	61,500	2019	DACKS
18	Jonas Oldendorff	063	61,500	2019	DACKS
19	Dorthe Oldendorff	1001	38,000	2018	Huahai / Beihai
20	Christiane Oldendorff	1058	36,000	2018	Samjin Heavy
21	Christopher Oldendorff	1059	36,000	2019	Samjin Heavy