Besiktas Shipyard

Italian player goes to Besiktas after Gdansk delay / 29.02.2012

Italy’s Gas and Heat has contracted Besiktas Shipyard in Turkey to complete a 9,000-cbm ethylene carrier that was earlier set to be completed by Poland’s Gdansk Shipyard.

Some brokers have reported the contract as a new order with a price tag of $34.3m and delivery in 2013. Similar ships can be ordered for in excess of $30m in South Korea, TradeWinds is told.

The ship, which is said to be 72% completed, was originally part of a two-vessel order placed by the Careri family of Italy at Gdansk.

The pair were sold off to Synergas of Italy in 2010 after the Careri-controlled Cantieri Navale di Pesaro (CNP) went bankrupt.

Little further progress was made on the ships last year at Gdansk, which was waiting for delivery of equipment following the collapse of CNP.

Gas and Heat, which produces equipment for LPG carriers, has assumed control over the first ship but as it is not a traditional owner, it is expected to sell it following its completion in Turkey.

Gas and Heat has also been building a number of 3,300-cbm LPG carriers at Besiktas.

Meanwhile, Evergas of Denmark continues to dispose of elderly LPG carriers.

The 10,200-cbm Sigloo Star (built 1987) has gone for demolition to India for an undisclosed price.

The owner last month sold the 10,500-cbm Sigloo Crystal (built 1991) for further trading reportedly for $6m. The sale leaves Evergas with six elderly LPG carriers built between 1985 and 1990. The company has 12 newbuildings on order.

Meanwhile, Capello Maritime of Greece is said to have sold the 3,200-cbm Oncor (built 1987) for further trading to a South American buyer for $2.2m.

By Trond Lillestolen Oslo

29 February 2012, 07:10 GMT