Japan’s Kasuga adds to ultramax orders in China

Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang to order its third ultramax bulk carrier newbuild at the shipbuilding arm of state-run machinery manufacturer Sumec Group.  The deal worth about $34m follows New Dayang’s breakthrough into the Japanese market when the same owner signed up for a pair of 64,100 dwt vessels …

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