Nisshin Shipping In for Up to Seven Panamaxes

Japanese shipping company Nisshin Shipping has been linked to an order for up to seven 82,000 DWT bulkers at China’s Jiangsu Hantong Ship Heavy Industries.

The fleet modernization deal, dated last week, comprises five firm orders plus two options, according to the data provided by VesselsValue.

The firm Panamax bulkers, valued at USD 24 million a piece, are scheduled for delivery in 2018, while the optional units would be handed over in 2019.

Including the latest order, the company has 16 newbuilds on order: five chemical tankers at compatriot Usuki Zosensho, four LR1 tankers at Korea’s Sungdong Shipbuilding and Marine Engineering, and two more bulkers at China’s Jiangsu Hantong and Jiangmen Nanyang, respectively.

Out of the above total, six ships are to join Nisshin’s fleet by the end of this year.

As World Maritime News reported earlier, the company was busy over the recent period shedding some of its second-hand tonnage, including five Panamax bulkers since December 2016.

World Maritime News Staff