Itochu Corp Strikes Deal with New Dayang for Ultramax Bulk Carriers

Japanese entity this year. Located in Jiangsu, the yard has seen a total of five ultramax vessels booked by Japanese owners since the beginning of the year. Notably, Kasuga Kaiun has secured three units of 64,100 deadweight tonnage (dwt) each for delivery in 2026, with an approximate price of $34 million per vessel. However, specific delivery dates for Itochu’s duo remain undisclosed. In further developments within the ultramax sector, Cairo-based United Marine Egypt has been associated with the procurement of two ultramax vessels from New Dayang, slated for delivery in 2027. Confirmation of this order is pending from the yard's side.