Angelicoussis’ Maran Dry inks capesize order deal at Hengli

Angelicoussis’ Maran Dry Management Inc. has contracted Hengli Shipbuilding to construct four capesize bulk carriers.

In a Shanghai stock exchange announcement on Feb. 13, Guangdong Songfa Ceramics Co., Ltd. (Songfa) confirmed that its subsidiary Hengli Shipbuilding (Dalian) Co., Ltd. signed contracts with Maran Dry Management for 4 capesize vessels as part of a broader 17-ship construction package worth between $1.6bn and $1.8bn.

The remaining 13 vessels were taken by what the filing described as “well-known” European shipowners. The shipbuilder didn’t disclose details about the shipowners. It only mentioned that they have “good credit standing” and the “ability to perform the contracts.”

The Angelicoussis Group, a privately owned group of affiliated shipping companies dating back to 1947, operates a diversified fleet serving the oil,