Japanese tanker owner Sansho Kaiun has placed an order at Nantong COSCO KHI Ship Engineering (NACKS) for the construction of a 61,000 dwt ultramax bulker.
Both Advanced Shipping & Trading and VesselsValue report that the price of the newbuild bulker is $23m and delivery is scheduled in 2022.
The order marks Sansho Kaiun’s entry into the dry bulk shipping business. It currently operates a fleet of 25 small product tankers ranging from 9,000 dwt to 21,000 dwt.