Nissen Kaiun Orders Ten Panamax Bulkers

Japanese marine transportation company Nissen Kaiun has placed an order for ten 82,000 DWT bulk carriers at compatriot shipyards, shipbroking firms indicate.

Under the deal valued at USD 270 million, Tsuneishi Zosen Shipbuilding has been hired for the construction of five vessels, while Imabari Shipbuilding has been entrusted with building the remaining five ships.

The Panamax newbuildings are slated for completion and delivery by 2020.

The latest order has pushed the company’s newbuilding count to 29 ships, which includes six Aframax tankers also being constructed by Tsuneishi Zosen, eight MR2 tankers being built by Japan Marine United, two VLCCs at Mitsui Ichihara, one VLGC LPG and one Panamax bulker at Mitsubishi Heavy Industries and Tsuneishi Cebu respectively and a Handy bulk carrier being built by Shikoku Dockyard.

Majority of the ships are slated for delivery in 2018, with the rest being delivered throughout 2019 and 2020.

World Maritime News Staff

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