AsiaDry Cargo

Jaldhi Overseas orders four ultramaxes in China

In the bulk carrier sector, Clarksons Research reports Singaporean owner Jaldhi Overseas has ordered four 66,000 dwt ultramaxes at Yangzi-Mitsui Shipbuilding, the joint venture yard between Chinalda’s Yangzijiang Shipbuilding and Japan’s Mitsui E&S Shipbuilding. Jaldhi has managed to bag comparatively early delivery slots in the second half of 2024. No price has been revealed.

Jaldhi was established in Singapore in 2004 and is part of India’s Bothra Group. Last month it sold two ageing MR tankers to Bangladesh’s Doria Shipping for $34m.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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