Four more newbuildings earmarked for the global services of Rickmers-Linie

Four more 24,000dwt multi-purpose vessels have been ordered for the global services of Rickmers-Linie, the heavylift and project cargo shipping company by Polaris Shipmanagement, a Rickmers Group company. The contract with the Chinese shipbuilder Guangzhou Wenchong was signed in Hamburg on the evening of 23 September, the first day of the major German shipbuilding and marine equipment exhibition, SMM.

Delivery of the first vessel is scheduled for May 2011 and by December 2011 all four will be in service. This latest quartet brings to 18 the number of newbuildings now contracted in China for ultimate deployment in Rickmers-Linie's worldwide network.

"Between December 2009 and December 2011, we will add altogether 18 vessels in three different sizes to our fleet. We will renew and expand our fleet substantially and will thus be able to meet the ever increasing demand of our customers for capacity for the carriage of project cargoes and heavylifts." said Jan Boje Steffens, President & CEO of Rickmers-Linie.

"Upon completion of this expansion programme, we will have one of the most modern fleets operating in the global heavylift/project liner trades."

The newbuildings now ordered from Guangzhou Wenchong are identical to four vessels of the so called "Superflex Mumbai Max Class" to be built for Polaris by Wuhu Xinlian Shipbuilding, a contract that was announced last July. All eight have been purpose-designed for the carriage of breakbulk, heavylift and project cargo. With a deadweight of 24,000 tonnes, an overall length of 175m and a beam of 26.5m, they will be fitted with variable height tweendecks for maximum cargo flexibility.

Each vessel will be equipped with three cranes, one capable of lifting 120 tonnes and two 350 tonne units that can be combined to handle loads of up to 700 tonnes.

The service speed of the ships will be up to 18 knots. The electronic control of the main engine utilizes the latest in technological development for the reduction of bunker consumption and CO2 emissions, thus contributing to a more environmentally friendly propulsion system. The vessels will furthermore be classed in accordance with the "Environmental Passport" standard.

In October 2007, Rickmers-Linie announced the start of its fleet renewal and expansion programme with six 19,000 dwt vessels and four 17,000 dwt vessels.

The six 19,000 dwt vessels were ordered by Rickmers Group from Tongfang Shipyard, each one equipped with two 240-tonne cranes, capable of working in tandem to lift 480 tonnes. These ships, are planned for delivery in January, April, June, July, October and December 2010.

The other four newbuildings announced in 2007 are 17,000 dwt ships, ordered by a partner from Xinshun Shipyard and will be chartered by Rickmers-Linie. These will be equipped with two 150-tonne cranes, which can be combined for a maximum lifting capacity of 300 tonnes. A third crane will offer an 80-tonne lifting capacity. Deliveries in this series are planned for December 2009, July 2010, November 2010 and April 2011.

In July 2008, it was announced that four 24,000dwt vessels, identical to those in the latest contract, had been ordered by Polaris from Wuhu Xinlian Shipbuilding Co Ltd. The first vessel is scheduled for delivery in December 2010 and all four are expected to be in service by September 2011.

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Note to editors

More information about Rickmers-Linie is available at www.rickmers-linie.com. Information about the manifold activities of Rickmers Group are available at www.rickmers.com.

Downloadable photographs to accompany the press release are available at http://www.dunelmpr.co.uk/Rickmers-photogallery-NEW.html.

The captions for the photographs read:

Caption 1:

"From left to right in the front: Mr.Yin Xueming, President of CSSC Wenchong Shipyard, Mr. Hans Christian Griesinger, Managing Director of Polaris Shipmanagementm, Mr.Wu Di, Assistant President of CSSC and President of CSTC. Back: Mr.Hui Ming, President of CSSC Shanghai Shipyard, Ms.Ye Ming, Consul of Chinese Consulate in Hamburg, Mr. Sun Jianwei, President of CSSC consultant Co.Ltd, Mr.Ma Jinsheng, General Consul of Chinese Consulate in Hamburg, Mr.Li Hong, Vice Preident of CSSC, Mr.Jan Boje Steffens, CEO of Rickmers Holding GmbH & Cie. KG, Mr.Remmo Roeland, Director of Howe Robinson Hamburg, Mr.Wang Huier, President of CSSC Europe GmbH, Mr.Huang Chengsui, President of CSSC Shanghai Jiangnan Changxing Heavy Industry Co.Ltd"

"Polaris Shipmanagement, a Rickmers Group company, now has a total of eight Superflex Mumbai Max Class multipurpose heavylift vessels on order. All will be chartered to Rickmers Line. These, plus a further ten vessels of between 17,000dwt and 19,000dwt now under construction, means Rickmers Linie now has 18 newbuildings in China that will be deployed on its global liner services."