Kumiai Navigation orders ultramax at NACKS

Kumiai Navigation is expanding its dry bulk fleet with an ultramax newbuilding order in China. The Singapore-based subsidiary of Japan’s Kumiai Senpaku has contracted one 64,000 dwt unit at Nantong COSCO KHI Ship Engineering (NACKS) for around $35m. The subsidiary of COSCO Shipping Heavy Industry is expected to deliver the vessel in the second quarter …

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