MOL orders bulker quartet at Chinese yards

MOL orders bulker quartet at Chinese yards

Japanese owner Mitsui OSK Lines (MOL) has placed orders at two Chinese-Japanese joint venture yards for the construction of four bulk carriers in total.

According to a report from Allied Shipbroking, Japan’s largest shipowner has ordered two 82,000 dwt kamsarmaxes at a joint venture yard run by Yangzijiang and Mitsui E&S Shipbuilding.

In the meantime, MOL has signed newbuilding contracts at Dalian COSCO KHI Ship Engineering (DACKS) for the construction of two 61,000 dwt ultramaxes.

Deliveries for the four vessels are all scheduled in 2021. The prices of the contracts were not disclosed.

Yangzijiang, the largest private yard in China, formed a shipbuilding jv with Mitsui in 2018 with Yangzijiang and Mitsui holding 51% and 49% respectively. The jv has its production base at Yangzijinag’s existing Taicang yard in Jiangsu.

 

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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1 Comment

  1. Avatar
    k.ven gopal rao
    May 21, 2020 at 12:32 am

    good news