Japanese bulker giant NS United has signed a 25-year contract of affreightment with Nippon Steel & Sumitomo Metal and committed to order a 400,000dwt valemax from a local shipyard for delivery by the third quarter of 2020. Japan Marine United is widely tipped as the likely winner of this big order.
In December last year, NS United ordered a single 400,000 dwt very large ore carrier from JMU after signing a 25-year contract with Vale. The vessel, which will be the first valemax ship built in Japan, will be delivered in 2019.
NS United’s latest medium term business plan targets to boost the line’s fleet size to 210 ships.