W Marine orders again

Greek shipowner W Marine has ordered a series of post-panamax bulkers designed by the Shanghai Merchant Ship Design & Research Institute (SDARI).

The owner said the contract consists of two firm 84,000-dwt vessels of the Green Dolphin 84S design at Sainty Marine in China, with two options attached.

Deliveries start from the second half of 2016.

But W Marine managing director Nikolaos Triantafyllakis said: “The aim of the company, in line with the wishes of its founder, Yiannis Sarantitis, is to build up a homogeneous fleet of vessels ranging in size between panamax to post-panamax.”

Class society DNV GL was also involved in the development process of what is the third design in the Green Dolphin series.

It said: “The shallow draft design is able to lift larger cargo lots on a shallower draft which, combined with a fuel efficient design, makes it more efficient in a highly competitive market.”

Triantafyllakis added: “It’s a big investment, so you want to reduce the risk by assessing performance and operational dynamics before you place the order. By evaluating the design, DNV GL gave us the confidence in the vessel’s performance and capabilities.”

W Marine describes itself as a ship manager. It is listed as having six modern capsizes, with a series of four built at Taizhou Catic in China in 2011.