AsiaDry Cargo

Nisshin in Hantong ultramax splurge

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.

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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