AsiaDry Cargo

Sansho Kaiun enters dry bulk sector with ultramax order at NACKS

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.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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