Japan’s Inui Global Logistics has placed an order for two more handysize bulk carriers for delivery in 2025.
The latest order is for two 40,000-dwt units which will be built at an unnamed Japanese shipyard for delivery in 2025.
The ships will come fitted with scrubbers and are also designed to carry wood log cargoes.
The contract price has not been declared. Broker Clarksons estimates the average price for a 38,000-dwt handysize bulk carrier is $28.5m.
TradeWinds earlier reported the owners had placed a four-ship order for similar sized vessels split between Imabari Shipbuilding and Oshima Shipbuilding.
Two of those orders were contracted under direct ownership and two under long-term charter arrangements with a profit-sharing scheme.
The latest order will be wholly owned by Inui. Its total six-ship newbuilding backlog is valued in excess of $170m.
Inui owns and operates a fleet of 22 bulk carriers ranging in size between 28,000-dwt to 38,000-dwt. Among them there are four units built between 2001 and 2005 which will likely come up for replacement by the time the newbuildings are delivered.
It operates a further six handysize bulk carriers under long-term charter arrangements.
