NYK has changed orders for series of containerships in South Korea and Japan to other vessel types as it looks to scale back its liner operations.

The Japanese shipowner has opted to switch three 4,500-teu containerships on order at Hyundai Heavy Industries into capesize bulkers.

It has also decided to change orders for two of the same size containerships, also on order at Hyundai, into LR2 product carriers.

The vessels are part of series of nine 4,500-teu containerships on order at the South Korean shipbuilder. The remaining four will remain unchanged.

In relation to the changes the delivery dates of the final vessel has been pushed back six months from December 2011 to June 2012.

The changes will push up the cost of the newbuildings to $732m, compared to the original contract price of $731m agreed in late 2007.

NYK has also reportedly changed orders for two of five 9,300-teu containerships ordered from Japan’s IHI Marine United (IHIMU) into VLCCs.

The first of the 9,300-teu boxships ordered by NYK from IHIMU is scheduled to be completed in March 2010.

The two VLCCs that have undergone changes are due for delivery in the latter half of fiscal year 2011.

Source: Asiasis

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