China’s New Dayang Shipbuilding has sealed its first-ever Japanese newbuilding contract.
The state-owned shipbuilder has struck a deal with tonnage provider Kasuga Kaiun for two ultramax bulkers to be delivered in the third quarter of 2026.
Yangzhou-based New Dayang said the contract marked a milestone as it is the first shipbuilding deal from a Japanese shipowner after an ongoing marketing campaign that started in 2019 before the outbreak of Covid.
