Kasuga Kaiun has expanded its orderbook in China with three bulker newbuildings.

The Japanese shipowner has added another 64,000-dwt ultramax at New Dayang Shipbuilding, lifting its tally there to three.

New Dayang is due to deliver two previously ordered newbuildings for Kasuga in 2026 and 2027.

The owner has also commissioned Jiangmen Nanyang Ship Engineering to build two 41,000-dwt handysize bulkers.

One shipping player familiar with Kasuga confirmed the orders.

TradeWinds has learned that Jiangmen Nanyang is scheduled to deliver Kasuga’s duo in mid-2026.

The price has not yet emerged, but brokers suggest a figure of around $30m each.

Shipbuilding sources said this is the first time Kasuga has ordered newbuildings at Jiangmen Nanyang.

The decision to select the Guangdong shipyard is understood to be driven by its competitive pricing and ability to offer early delivery dates.

Jiangmen Nanyang specialises in building handysize bulkers.

Established in 2005, the privately owned yard has so far delivered more than 100 vessels and is sitting on an orderbook of around 40 ships.

Based in Ehime, low-profile Kasuga is said to be owned by the Akase family. According to the S&P Maritime Portal, it has a fleet of 12 trading vessels: two MR tankers, five kamsarmax bulkers, two ultramaxes, a handysize, an LPG carrier and a chemical tanker.

Besides the ships on order at New Dayang and Jiangmen Nanyang, Clarksons’ Shipping Intelligence Network shows Japan’s Hakodate Dock is constructing one 40,000-dwt bulker for Kasuga for delivery this year.

Sino-Japanese shipbuilder Dalian Cosco KHI Ship Engineering is building two 64,000-dwt bulkers for the company be delivered this year and in 2025.