The rapid fleet rejuvenation programme at Japanese shipping line Nissen Kaiun continues at pace with brokers reporting a product carrier order.
Nissen Kaiun, which unlike most of its peers is happy to order overseas, has come back home for its latest order, signing for a pair of 50,000 dwt product tankers at Onomichi Dockyard. The ships are priced by brokers at $35.6m each and they will deliver in 2020. The new vessels have been ordered on the back of long term charters to Chevron and both of them come with IMO NOx-II standards.
Nissen Kaiun has been a very active seller of older tonnage in the past 18 months, while also ordering a raft of new ships. Last month it ordered a similar product pair at Japan Marine United.