Jinhui Shipping and Transportation has placed an order for two Ultramax bulk carriers at China’s New Dayang Shipbuilding shipyard. According to the company, the contract covers the construction of two vessels with a deadweight of 64,100 dwt each, at a total cost of approximately $68 million.
The order was placed through Sumec Marine, a company registered in Oslo and headquartered in Hong Kong. Delivery of the new bulk carriers is scheduled for May and June 2030.
The latest deal follows the recent order of two similar vessels at Jiangmen Nanyang Ship Engineering. With these additional contracts, Jinhui’s Ultramax newbuilding program has expanded to 10 vessels across the two Chinese shipyards.
The company noted that the investment forms part of its strategy to gradually replace older ships with more modern and fuel-efficient tonnage. According to the shipowner, the limited availability of relatively young vessels in the second-hand market, coupled with high acquisition costs and timing constraints, has made newbuilding orders a more attractive option.
At the same time, Jinhui continues to phase out aging vessels, reducing the average age of its fleet and improving overall operational efficiency.
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