Taiwan Cement has announced that its shipping unit, Ta-ho Maritime, has placed an order at Japanese yard Sumitomo Heavy Industries for the construction of up to three 84,200 dwt kamsarmax bulk carriers.
The shipbuilding contract comprises a firm order for two ships and option for one additional ship. The company will decide on the execution of the option before September 30. The price for each ship is $35m.
The new ships will be used to transport coal for Taiwan Cement and chartering operations.
Ta-ho Maritime currently owns a fleet of nine ships, made up of five cement carriers and four kamsarmax bulkers, and it has another 81,300 dwt bulker under construction at Oshima Shipbuilding.