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Bibby Line takes delivery of 57,000-tonne cargo ship; MV Shropshire slips out of Chinese yard.


BIBBY Line has taken delivery of its latest vessel from a Chinese shipyar d.

MV Shropshire is a 57,000-tonne dry bulk carrier commissioned before the recession really began to bite.

Although prospects for its deployment were looking grim a few months ago, the company reports it has now secured a 12month charter contract.

Last week LDP Business reported that the line had also completed the creation of a 366bed floating hotel and was actively seeking a customer for its services. Bibby has moved away from LPG and chemical tankers into floating accommodation coastals and dry bulk carriers.

The lastest vessel was delievered by Yangzhou Guoyu Shipbuilding in China. Located some 15 hours steaming upriver from the port of Shanghai, the completion of this vessel means this new shipyard itself achieved two significant milestones - it is the largest vessel built by the shipyard and also the first ship constructed for export.

Managing director Jebb Kitchen said: "Shropshire was ordered by Bibby Line in June 2007 as the start of a major shipping re-investmenprogramme following on the back of some highly profitable disposals of our LPG and chemical tanker fleets.

"The vessel is a 57,000 tonne deadweight dry bulk carrier, referred to in shipping parlance as a Handymax, is 180 metres long and 32 metres in breadth.

"Employment prospects for the vessel were not looking particularly rosy at the end of 2008 after the decimating effects of the financial crisis, but a huge Chinese Gover nment stimulus package for infrastructure investment within China has spurred the dry bulk markets back to reasonable levels over the first half of 2009."

MV Shropshire has now been contracted on a charter of 12 months and will be engaged in world-wide trading in the transportation of dry bulk commodities such as coal, grain and steel products.

Technical and crew management of the ship will be performed by Bibby Ship Management, who have in the last few months been engaged with the shipyard in the process of commissioning the vessel to be ready for trading.

It is heading to her charterers in Shanghai where she will undertake a lengthy voyage across the Pacific Ocean towards the west coast of North America to get her ready to commence trading.


MV Shropshire about to undergo sea trials after which she will begin trading
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Publication:Daily Post (Liverpool, England)
Date:Aug 5, 2009
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