2.4 Billion Yuan! Da Dao Shipbuilding Receives Major Bulk Carrier Order from Indonesian Ship Owner for the First Time

Recently, Oshima Shipbuilding in Japan received an order for a total of eight 64,000-deadweight-ton Ultramax bulk carriers from Indonesian shipowners.

According to Japanese media reports, Jhonlin Marine Lines (JML), a shipping company under Jhonlin Group, Indonesia's largest mining company, placed its first order with Oshima Shipbuilding for eight 64,000-deadweight-ton bulk carriers. Delivery of the new vessels is expected between 2028 and 2029. The price per vessel is approximately US\$41 million, with a total transaction value of approximately US\$328 million (approximately RMB 2.374 billion).

For reference, Clarkson's data shows that the price of a new 61,000-64,500 deadweight ton Ultramax bulk carrier has fallen from US\$35 million in the third quarter of last year to US\$34 million, remaining flat compared to the same period last year.

Jhonlin Group, led by Indonesian entrepreneur Samsudin Andi Arsyad, is one of Indonesia's major mining companies. It operates large coal mines in Central Kalimantan, Indonesia, and its subsidiary JML is responsible for the sea transport logistics of raw materials and products.

This is the first collaboration between JML and Oshima Shipbuilding. Industry sources point out that due to the uncertain outlook for the current dry bulk shipping market, Greek shipowners have adopted a wait-and-see attitude. In contrast, Asian shipping companies have been frequently expanding their fleets, leading Oshima Shipbuilding to strengthen its order development efforts towards Asian customers recently.

It is understood that Oshima Shipbuilding underwent a strategic transformation in 2020, when the newbuilding market was sluggish, and resumed accepting bulk carrier orders from Greek shipowners. Over the past four years, Oshima Shipbuilding has focused on developing the Greek market. Particularly since 2023, with Greek shipowners optimistic about the prospects of the dry bulk market, Oshima Shipbuilding has established partnerships with multiple Greek clients, resulting in rapid growth in order numbers.

However, affected by current market uncertainties and high ship prices, Greek shipowners who actively ordered small and medium-sized bulk carriers in 2022-2023 are now generally cautious about newbuildings. On the other hand, Asian shipowners' willingness to expand their fleets is increasing. After lagging behind European shipowners such as those in Greece for several years, many Asian shipping companies have begun to launch newbuilding plans.

It is understood that Oshima Shipbuilding is Japan's third-largest shipyard and Japan's leading bulk carrier builder, holding approximately 25% of the market share in Japan's bulk carrier construction sector. Clarkson's data shows that Oshima Shipbuilding currently has a backlog of 108 vessels totaling approximately 7.12 million deadweight tons, all of which are bulk carriers, with delivery schedules extending to 2029.

Jiangnan Shipyard delivers China's first high-speed marine ecological monitoring vessel

A Greek shipowner has ordered a bulk carrier for nearly 300 million!

Jiangnan Shipyard delivers China's first high-speed marine ecological monitoring vessel

A Greek shipowner has ordered a bulk carrier for nearly 300 million!