Tokyo-based Kumiai Senpaku has 18 ships on the water — eight bulk carriers, three LPG carriers, three ro-ros and four asphalt/bitumen tankers. Its fleet will be nearly halved if it offloads all of its bulkers in an exit from the sector.
But that does not mean it will be cut off from dry cargo business altogether.
Its subsidiary, Kumiai Navigation, has 19 vessels: 12 bulkers, five VLGCs and two pressurised LPG carriers.
