Brokers: Nisshin Splashing Over USD 600 Mn on Newbuilds

Japanese shipping company Nisshin Shipping has been tied to an order for up to 25 new ships at Chinese and Japanese shipbuilders as the company pushes forward with its ambitious fleet modernization plan.

The order, estimated to be worth around USD 666 million, includes four small chemical tankers, seven Ultramax bulk carriers, and 14 Panamax bulkers, data from VesselsValue shows.

Oshima Shipbuilding won the most orders, a total of 14 newbuildings, seven 62,000 DWT bulkers and seven 82,000 DWT bulk carriers. The Panamaxes are valued at USD 25 million apiece, while Panamax newbuilings are priced at USD 27 million each, bringing the total order value at the yard to USD 364 million.

The deliveries are scheduled to start in 2019 continuing into 2020 and 2021.

Japanese shipbuilder Usuki Zosensho has secured an order for four 21,000 cbm chemical tankers of 19,700 dwt. The new tankers, priced at USD 33.5 each, are slated for delivery in 2020, according to VesselsValue.

China’s Jiangsu Nantong Ship Heavy Industry was tied to the remainder of the batch, a total of seven 82,000 dwt bulkers worth USD 24 million apiece. As disclosed, the newbuildings are set to join Nisshin’s fleet in 2020.

The latest order for seven Panamaxes at Jiangsu Hantong, comes on the heels of an order placed by Nisshin with the shipbuilder in July this year. To remind, the contract comprises five firm orders scheduled for delivery in 2018, while the two optional units, if ordered, would be handed over in 2019.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

OEE Conference & Exhibition 2019

OEE2019 is organised by Ocean Energy Europe, the industry association representing ocean energy in Europe.

read more >