Japanese shipowner Kasuga Kaiun has placed its third order with a Chinese shipyard this year, placing an order with Jiangmen Nanyang Shipbuilding for the construction of two 40,500 dwt bulk carriers to be delivered in June and July 2026.
This is the first time for Kasuga Marine to cooperate with Jiangmen Nanyang Shipbuilding in shipbuilding. According to Japanese media reports, Kasuga Marine chose Jiangmen Nanyang Shipbuilding this time, because in the handysize bulk carrier shipbuilders, Jiangmen Nanyang Shipbuilding can provide earlier delivery time and competitive prices, ship specifications also meet the requirements.
The specific price of this order was not announced. For reference, Clarkson's data shows that the current newbuilding price for a 38,000-42,000 dwt handysize bulk carrier is about $30.5 million, up 2% from $30 million a year ago.
Kasuga Marine is a representative Japanese mid-sized shipowner that has long chosen to order vessels from Japanese shipyards in the past. In recent years, with the Chinese shipyard delivery of ship quality improvement, gradually attracted the attention of Japanese shipowners. In January this year, Kasuga Marine signed a contract with New Dayang Shipbuilding, a subsidiary of Sumida Shipbuilding, for the construction of two Crown 63 PLUS bulk carriers. This order is of great significance to Xindayang Shipbuilding, which has opened the prelude to Sumida Shipbuilding's entry into the Japanese shipbuilding market. in April, Kasuga Marine ordered a third vessel of the same type from Xindayang Shipbuilding.
Kasuga Marine ordered 40,500 dwt Handysize bulk carrier is the main products of Jiangmen Nanyang Shipbuilding. Clarkson's data show that at present, Jiangmen Nanyang Shipbuilding hand-held orders for a total of 40 1617,000 dwt, in addition to three 39,500 dwt ships, the remaining 37 ships are all 40,500 dwt bulk carriers.
Jiangmen Nanyang Shipbuilding has been focusing on the development of bulk carriers of less than 100,000 DWT. In the past 10 years, Nanyang Shipbuilding has successively developed and launched 39,000DWT Green Handysize Bulk Carrier, B-type 39,000DWT Green Handysize Bulk Carrier, 39,800DWT Multi-functional Bulk Carrier, and 40,000DWT Green Large-opening Bulk Carrier.
Jiangmen Nanyang Shipbuilding's Handysize bulk carriers have leading technology and excellent performance, and have become one of the international standard ship types, which are called ‘Nanyang type’ ships in the international market. Since its establishment, Nanyang Shipbuilding has delivered more than 100 Handysize Bulk Carriers, and has the world's largest market share of modern energy-saving Handysize Bulk Carriers.
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