Clarkson Research reports in its latest weekly report that a big name in Japanese dry bulk has kicked off a notable fleet rejuvenation programme.
Nisshin Shipping has controversially chosen to eschew ordering on home soil and instead has headed to China for three firm plus two options of ultramaxes. Jiangsu Hantong Heavy Industry will build the ships with the firm units delivering next year and in 2020. No price has been revealed.
Nisshin has been offloading a significant portion of its older bulker tonnage over the past two years and is now in ordering mode to make the average age of its fleet much younger. More orders are expected soon.
