Nakanishi Shipbuilding, a Japanese shipyard usually associated with small bulkers, general cargo ships and container ships, has won a breakthrough order that puts it in the market for larger handysize vessels.

The Japanese firm’s Chinese subsidiary, Yangzhou Nakanishi, will build a 40,000-dwt ship on behalf of a Greek-Japanese partnership consisting of Alassia NewShips Management and Itochu Corp.

Nicolas Hajioannou-led Alassia confirmed the order to TradeWinds, specifying it concerns a conventionally fuelled ship that will comply with the International Maritime Organization’s Tier III NOx and Energy Efficiency Existing Ship Index Phase 3 standards.