Japanese proprietor Kasuga Kaiun has returned to Chinese language builder New Dayang to order its third ultramax bulk provider newbuild on the shipbuilding arm of state-run equipment producer Sumec Group.
The deal price about $34m follows New Dayang’s breakthrough into the Japanese market when the identical proprietor signed up for a pair of 64,100 dwt vessels for supply within the second half of 2026.
Kasuga is listed with 12 owned ships, predominantly bulkers. The newest order will see the corporate’s newbuilds within the dry section lifted to 5 ships, delivering within the subsequent two years.
In the meantime, New Dayang in Jiangsu has secured a number of orders for its flagship Crown 63 Plus ultramax design this yr, together with from home leasing corporations and varied worldwide shipowners. Hong Kong-based Wah Kwong not too long ago signed up for a pair of newbuildings after beforehand taking supply of 4 ultramaxes from the identical yard.