Greek dry bulk owner W Marine has placed an order for three 64,500-dwt Ultramax bulk carriers with Jiangsu Dajin Heavy Industry. Each vessel is priced at approximately $33.5 million, with scheduled deliveries set for May, August, and November 2028. This marks a significant expansion for W Marine, which currently operates a fleet of 18
vessels primarily composed of Kamsarmax and Post-Panamax bulkers, with only one Ultramax in service. The newbuildings are intended to enhance W Marine's presence in the flexible Indian Ocean and regional trades. For Jiangsu Dajin Heavy Industry, this contract represents an important first reference in the Ultramax segment as the yard continues to diversify its portfolio, which includes bulk carriers, feeder containerships, multipurpose vessels, and offshore support ships. This order reflects ongoing trends in the dry bulk sector, where shipowners seek versatile vessels to capitalize on regional trade opportunities. The deal also underscores the growing capabilities of Chinese shipyards in producing modern Ultramax bulk carriers for international clients.
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