Hong Kong-registered shipowner and operator Winking Shipping Co Ltd has acquired its second newcastlemax bulk carrier from Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd). Winking Shipping Co Ltd purchased the 2011-built newcastlemax bulk carrier, the 206K DWT MV HL Saijo, for approximately $38 million under a bareboat hire purchase arrangement with Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd). This transaction is among several capesize bulk carrier acquisitions made by Winking Shipping Co Ltd in recent years. Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd), headquartered in Imabari, Japan, is part of the wider Imabari-based maritime cluster and operates a large fleet of bulk carriers, with a focus on capesize and panamax segments. The shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd) is known for long-standing relationships with major Japanese shipbuilders and for placing vessels on long-term charters with international charterers. Doun Kisen KK (also known as Doun Kisen Co. Ltd) has been active in modernizing its fleet and regularly engages in sale-and-purchase activity, including both resale and secondhand transactions with international shipping partners. Winking Shipping Co Ltd’s most modern ships are in the ultramax bulk carrier segment, featuring five bulk carriers constructed at COSCO Zhoushan Shipping Heavy Industry. Three of these bulk carriers were delivered in 2023 and 2024, while two IMO Tier III-compliant bulk carriers are scheduled for delivery in 2027. At present, Hong Kong-registered shipowner and operator Winking Shipping Co Ltd has a fleet of approximately 1.2 million DWT consisting of 15 bulk carriers. Winking Shipping Co Ltd is targeting a fleet of 20 bulk carriers in the near future. The company maintains offices in Rizhao, Hong Kong, Singapore, and Australia. 11-April-2025
Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd) has significantly bolstered its fleet by placing substantial orders with Nantong Xiangyu Shipbuilding & Offshore Engineering in China. As a prominent tonnage provider based in Imabari, Japan, Doun Kisen KK is renowned for its expansive operations and strategic fleet expansion. The recent addition of four more kamsarmax and ultramax bulk carriers underscores the company’s ambitious growth trajectory. This move increases the total number of new vessels in its current building program to eight bulk carriers. The expansion includes orders for two additional kamsarmax bulk carriers and two more ultramax bulk carriers, which are being constructed at the reputable Nantong Xiangyu Shipbuilding & Offshore Engineering. Doun Kisen KK has invested $37.3 million for each 82K DWT kamsarmax and $35.3 million for each ultramax bulk carrier, reflecting its commitment to enhancing its fleet with modern and efficient ships. Doun Kisen KK’s Chartering Department plays a pivotal role in managing the operational deployment of the fleet. This department is tasked with maximizing the commercial employment of each vessel, negotiating charter contracts, and ensuring that the ships are employed in a manner that aligns with market conditions and company strategy. The Chartering Department works closely with brokers and clients to secure profitable freight rates and favorable charter terms, which are crucial for maintaining the company’s profitability and competitive edge in the global shipping market. Moreover, the Chartering Department at Doun Kisen KK is instrumental in analyzing market trends to effectively position the fleet within advantageous trading routes. This includes monitoring global economic conditions, commodity flows, and regulatory changes that impact maritime logistics. By leveraging sophisticated market intelligence and forecasting tools, the department optimizes fleet utilization and contributes significantly to the company’s bottom line. The strategic expansion of Doun Kisen KK’s fleet through new vessel acquisitions is complemented by the proactive approach of its Chartering Department. This synergy ensures that new ships are seamlessly integrated into the operational framework of the company and contribute effectively to meeting the growing demands of international trade. Additionally, the expansion and modernization of the fleet allow Doun Kisen KK to meet stricter environmental regulations and adopt greener technologies, which are increasingly important in the shipping industry. The new kamsarmax and ultramax bulk carriers are likely equipped with the latest innovations in fuel efficiency and emission reduction technologies, aligning with global sustainability goals. In conclusion, the significant investment in new bulk carriers by Doun Kisen KK not only enhances its operational capabilities but also solidifies its position as a leading shipowner and operator in the maritime industry. Through strategic fleet expansion and the expert management of its Chartering Department, Doun Kisen KK is well-positioned to navigate the complex dynamics of global shipping and continue its trajectory of growth and success. 16-December-2024
German shipowner and operator Blumenthal JMK (Bluships) has reportedly acquired a kamsarmax bulk carrier from Japan’s Nissen Kaiun. The 82K DWT kamsarmax bulk carrier MV Lord Star, previously thought to be owned by Greek interests as reported earlier this year by shipbrokers, has been sold to Hamburg-based Blumenthal JMK (Bluships) for approximately $23.8m. This 2013-built vessel by Sanoyas, equipped with a scrubber, is the latest addition to Blumenthal JMK’s (Bluships’) existing fleet of 32 vessels, primarily consisting of bulk carriers. In a separate transaction last November, Blumenthal JMK (Bluships) purchased the 81K DWT 2016-built Tsuneishi Cebu kamsarmax bulk carrier MV Bulldog (formerly MV Lowlands Comfort) from Japanese shipowner Doun Kisen KK (also known as Doun Kisen Co. Ltd) for $26.5m, adding to two other kamsarmax purchases from Japanese owners the previous year. Doun Kisen KK, headquartered in Imabari, Ehime, Japan, has a storied history and reputation for quality in the maritime industry. Established in the early 20th century, Doun Kisen has grown from a regional shipping company to an international shipowning and operating firm, managing a diverse fleet that includes bulk carriers, tankers, and container ships. Doun Kisen KK (aka Doun Kisen Co. Ltd) is renowned for its commitment to safety, environmental responsibility, and the maintenance of a young, modern fleet. Doun Kisen KK (aka Doun Kisen Co. Ltd) often invests in the latest maritime technology to ensure its vessels meet the highest standards of operational efficiency and eco-friendliness. This approach not only reflects the Doun Kisen KK’s (aka Doun Kisen Co. Ltd’s)dedication to global environmental standards but also enhances its competitiveness in the global shipping market. Notably, Doun Kisen KK’s business strategy includes regular fleet renewal, which involves selling older vessels to invest in newer, more technologically advanced ships. This strategy ensures that Doun Kisen KK (aka Doun Kisen Co. Ltd) maintains one of the younger fleets in the industry, which is crucial for minimizing environmental impact and optimizing operational efficiency. The sale of the MV Bulldog to Blumenthal JMK (Bluships) is part of this strategic fleet management process, demonstrating Doun Kisen KK’s proactive approach in the highly competitive and ever-evolving maritime sector. Furthermore, Doun Kisen KK (aka Doun Kisen Co. Ltd) has a robust presence in various shipping markets, actively participating in the chartering, sale and purchase, and management sectors of the industry. This broad involvement allows Doun Kisen KK (aka Doun Kisen Co. Ltd)to stay abreast of market trends and adjust its operations accordingly. In other news from the bulker market, the robust activity in the capesize segment has seen Japanese shipowner and operator Meji Shipping transfer the 2011-built capesize bulk carrier 178K DWT MV AM Gijon to Nicholas Inglessis-led Athens-based shipowner and operator Alberta Shipmanagement for approximately $25.8m. Notably, similar ships, albeit nearly a decade newer, are currently fetching prices nearly $10m higher. For instance, Oldendorff Carriers recently sold its 2022-built Jiangsu New Hantong MV Kuno Oldendorff for about $33m. 11-October-2023
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2008 built kamsarmax bulk carrier 206K DWT MV Benitamou for around $22 million. Kamsarmax bulk carrier is typically not the most active category in terms of sales and acquisitions. Imabari-based shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. 18-July-2023
In the realm of sales and purchase of maritime ships, the domain of large bulk carriers is witnessing a whirlwind of activity, and at the heart of this summer’s grandest bulk carrier deal stands the China Development Bank Financial Leasing. China Development Bank Financial Leasing is divesting itself of five capesize bulk carriers, thus joining a cohort of other shipowners parting ways with ships in the mighty bulk carrier category. These five capesize bulk carriers, bearing the names MV Bulk Genius, MV Bulk Ingenuity, MV Bulk Achievement, MV Bulk Integrity, and MV Bulk Peace have been collectively sold to Athens-based shipowner and operator Danaos for a substantial sum of $103 million. Interestingly, Athens-based shipowner and operator Danaos is renowned for its focus on container ships as opposed to bulk carriers. It is worth noting that these five capesize bulk carriers, with a deadweight tonnage of 176,000, were constructed between 2010 and 2012. The spotlight is also shining on the newcastlemax bulk carrier segment, which is not typically the most active domain for sales and purchases. This month, two (2) newcastlemax bulk carriers exceeding 200K DWT (deadweight tons) have been reported as sold. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) has made headlines with the sale of the newcastlemax bulk carrier 206K DWT MV Benitamou, fetching a price of $22 million. Additionally, Athens-based shipowner and operator Samos Steamship parted ways with newcastlemax bulk carrier 203K DWT MV Stamatis for around $18 million. 16-July-2023
Italian shipowner and operator Fratelli Cosulich has acquired a versatile general cargo ship from Barone Shipping, thus expanding its fleet to 16 ships. Genoa-based Fratelli Cosulich has procured the 2010 bulk carrier 9K DWT MV Toto BR for around $8 million. MV Toto BR l will be bareboat chartered to Argo Shipping. Currently, Fratelli Cosulich operates 14 ships, and it has two small-scale LNG bunker ships set to be delivered from Nantong CIMC Sinopacific Offshore & Engineering. In February 2023, Italian shipowner and operator Fratelli Cosulich welcomed the addition of the 2015 built handysize bulk carrier MV Saturnia (ex MV Venture Ocean) acquired from Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) and chartered out to Lauritzen Bulkers. 27-March-2023
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) a sale and charterback deal with Hong Kong and Shanghai-based Asia Maritime Pacific (AMP). Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. CEO Mark Young-led Asia Maritime Pacific (AMP) wants to develop closer ties as leaseback agreement signed with Imabari-based shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd). Hong Kong and Shanghai-based Asia Maritime Pacific (AMP) signed a five (5) bulk carriers sale and charterback with Doun Kisen KK (aka Doun Kisen Co. Ltd). Lately, Asia Maritime Pacific (AMP) acquired five (5) bulk carriers from Hamburg Bulk Carriers (HBC). The Jiangmen Nanyang-built five (5) bulk carriers are worth around $125 million. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) expects to make a more comprehensive long-term partnership with Hong Kong and Shanghai-based Asia Maritime Pacific (AMP). 14-November-2022
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) and Asia Maritime Pacific (AMP) of Hong Kong have consummated the inaugural transaction, paving the way for a promising and enduring partnership. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) has successfully acquired five (5) handysize bulk carriers from Asia Maritime Pacific (AMP), and these five (5) handysize bulk carriers will be chartered to Asia Maritime Pacific (AMP) for a period of four to five years. Five (5) handysize bulk carriers, namely MV Ionian Spirit, MV Aegean Spirit, MV Mediterranean Spirit, MV Saronic Spirit, and MV Iron Maiden, boast a substantial deadweight tonnage of 39,000 and will be traversing the global waters. Asia Maritime Pacific (AMP) acquired these five (5) handysize bulk carriers from the market and subsequently transferred ownership to Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd). Asia Maritime Pacific (AMP) is elated to embark on what we envisage to be a long and fruitful association with Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd). The transaction with Doun Kisen KK (aka Doun Kisen Co. Ltd) has proven to be an exemplary fit, benefiting both parties. 10-November-2022
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) ordered four (4) 40K DWT open-hatch handysize bulk carrier newbuildings at Jiangmen Nanyang Ship Engineering. China-based shipyard Jiangmen Nanyang Ship Engineering specialises in building open-hatch handysize bulk carriers. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. Doun Kisen KK (aka Doun Kisen Co. Ltd) signed a new building ship contract for two (2) firm 40K DWT open-hatch handysize bulk carrier newbuildings plus the option for an additional two (2). Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) has been keeping a low-profile business model. After long-time research, Doun Kisen KK (aka Doun Kisen Co. Ltd) preferred China’s Jiangmen Nanyang Ship Engineering for open-hatch handysize bulk carrier newbuildings. 27-August-2022
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned and Belgium-based Cobelfret operated MV Lowlands Comfort’s crew member named as Crispin F Cadiz was killed when he was hit by a crane in the Indian Ocean. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned and Belgium-based Cobelfret operated 2016 built kamsarmax bulk carrier 82K DWT MV Lowlands Comfort’s crew member named as Crispin F Cadiz’s body was brought ashore in Indonesia. Doun Kisen KK’s (aka Doun Kisen Co. Ltd) manager STX Marine Service reported that the tragic accident is a deck disaster brought on by wild weather. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2016 built kamsarmax bulk carrier 82K DWT MV Lowlands Comfort had been steaming from the United States via the Suez Canal to China. Crew member named as Crispin F Cadiz was treated on the MV Lowlands Comfort, but eventually passed away. Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) owned MV Lowlands Comfort has insurance from the Japan P&I Club. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. 14-July-2022
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built woodchip carrier 49K DWT MV Crimson Polaris’s wreck removal faces further delays. Doun Kisen KK’s (aka Doun Kisen Co. Ltd’s) legal representative announced that the woodchip carrier MV Crimson Polaris which is stranded outside the Japanese port of Hachinuma will not be removed until next autumn. In August, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built woodchip carrier 49K DWT MV Crimson Polaris grounded, then broke in two in a fully laden condition. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. 15-December-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2008 built container ship 4,526 TEU MV Cosco Nagoya involved in the incident is on charter to Singapore-based Sea Lead Shipping. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2008 built container ship 4,526 TEU MV Cosco Nagoya lost containers en route to Long Beach, a day after departing from the Busan New Port in South Korea. 6-December-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built capesize bulk carrier 206K DWT MV Benitamou involved in an accident at the northern entrance to the Cannakale Strait near Gallipoli Turkey. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built capesize bulk carrier 206K DWT MV Benitamou was hit by Greek controlled 2010 built handysize bulk carrier 31K DWT MV Vanessa in foggy weather. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built capesize bulk carrier 206K DWT MV Benitamou has been badly damaged in the collision. Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. 26-October-2021
Japanese shipowner Doun Kisen controlled 2006 built capesize bulk carrier 206K DWT MV Benitamou collided with 2010 built handysize bulk carrier 31K DWT MV Vanessa at the northern entrance to the Cannakale Strait. Thick fog may cause the accident. Doun Kisen controlled 2006 built capesize bulk carrier 206K DWT MV Benitamou is stated to have taken on water following the collision but the capesize bulk carrier is now safe at anchor. Doun Kisen controlled MV Benitamou was sailing for the Suez Canal en route to China with a cargo of iron ore. Doun Kisen controlled MV Benitamou’s P&I cover is placed with the Japan P&I Club. This is the second accident involving Japanese shipowner Doun Kisen bulk carrier so far in 2021. No pollution or crew injuries are reported following the collision. 25-October-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built woodchip carrier 49K DWT MV Crimson Polaris’s wreck removal job is given to Nippon Salvage. In August 2021, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned 2006 built woodchip carrier 49K DWT MV Crimson Polaris grounded, then broke in two in a fully laden condition. Stern part of Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned woodchip carrier MV Crimson Polaris has been aground off the coast of Japan. Nippon Salvage has been awarded a wreck removal contract to remove the stranded stern section of a Doun Kisen-owned Doun Kisen KK (aka Doun Kisen Co. Ltd) owned woodchip carrier MV Crimson Polaris off the north-east coast of Japan. 12-October-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned and NYK Line chartered 2006 built woodchip carrier 49K DWT MV Crimson Polaris suffered catastrophic structural failure after grounding on 11 August in heavy weather. Bunkers on board of 2006 built woodchip carrier 49K DWT MV Crimson Polaris leaked that spread more than 15 miles. Japanese charterer NYK Line promises support as the broken hull of 2006 built woodchip carrier 49K DWT MV Crimson Polaris is secured. The bow section of the NYK Line chartered MV Crimson Polaris is now alongside the Hachinohe port. NYK Line will resume to support the Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) and manager of one of NYK Line’s chartered woodchip carrier 49K DWT MV Crimson Polaris. 1-September-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned and NYK Line operated 2006 built woodchip carrier 49K DWT MV Crimson Polaris’s bunker will be unloaded. Salvors are preparing to unload more than 1,000 tonnes of fuel oil from MV Crimson Polaris. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned MV Crimson Polaris suffered catastrophic structural failure after grounding in bad weather off the port of Hachinohe in northern Japan on 11 August. Japanese shipowner Doun Kisen KK’s (aka Doun Kisen Co. Ltd’s) technical manager Misuga Kaiun publicized that salvors are performing on stabilizing the forward part, which is located approximately 2.4 miles outside the port. A tanker will begin operations to extract the bunkers. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) owned MV Crimson Polaris holds approximately 1,141 tonnes of bunkers. The bunkers that have leaked so far, have reached the local shore. 23-August-2021
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2010 built capesize bulk carrier 180K DWT MV Graceful Madonna to Singapore-based shipowner and operator Eastern Pacific Shipping (EPS) for around $20 million. 2010 built capesize bulk carrier 180K DWT MV Graceful Madonna was constructed at Imabari Shipbuilding. Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) is one of the biggest tonnage providers in Japan. Doun Kisen KK (aka Doun Kisen Co. Ltd) charters out the bulk carriers on a long-term basis to giant traders and first-class ship operators. 2-July-2020
Japanese shipowner Doun Kisen has sold 2008 built capesize bulk carrier 208K DWT MV Baogang Glory for around $16 million. Doun Kisen MV Baogang Glory to unnamed Singaporean shipowner. In 2008, MV Baogang Glory was built at Universal Shipbuilding and has been operated by K Line for a long period. 21-October-2020
Athens-based Liberia-registered shipowner and operator Sea Pioneer Shipping Corporation acquired 2011 built kamsarmax bulk carrier 83K DWT MV Generosity (ex MV KM Yokohama) for around $15.5 million from Japanese shipowner Doun Kisen. This is the second kamsarmax bulk carrier that Sea Pioneer Shipping Corporation has acquired from the Japanese shipowner Doun Kisen. At the end of 2019, Vassilis Bacolitsas-controlled Sea Pioneer Shipping Corporation acquired the 2010 built kamsarmax bulk carrier 83K DWT MV Fidelity (ex MV KM Tokyo). Tokyo-based shipowner Doun Kisen Kaisha is one of the largest private shipowning companies in Japan with a mixed fleet of about 120 ships. 14-October-2020
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) is outraged by Norwegian open-hatch bulker operator Gearbulk’s rate reduction call. Norwegian open-hatch bulker operator Gearbulk encourages Norwegian open-hatch bulker operator Gearbulk tonnage providers to accept the pay-as-you-earn deal on charter agreements. Norwegian open-hatch bulker operator Gearbulk stated charter agreements made in earlier years are based on new building prices and rates which are no longer sustainable. Norwegian open-hatch bulker operator Gearbulk asked Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) to approve performance-based charter rates for Gearbulk’s chartered fleet as the first step in a significant restructuring of the company’s charter burdens. The agreement is drafted in a courteous and apologetic communication to the Japanese shipowners. 22-April-2020
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) find competitive edge to twitch the market. Private Japanese shipowner are growing their fleets with support from local Japanese banks and overseas business despite depressed dry and wet shipping markets. Japan’s largest private shipowner Higaki-family controlled Imabari-based Shoei Kisen has a diversified fleet of 132 ships and 39 ships on order. Japan’s second largest private shipowner Abe-family controlled Nissen Kaiun has 135 ships and 6 ships on order. Japan’s third largest private shipowner Fujii-family controlled Nisshin Shipping has 73 ships and 39 ships on order. Japan’s fouth largest private shipowner Ehime-based Doun Kisen KK (aka Doun Kisen Co. Ltd) has 95 ships and 9 ships on order. 2-March-2020
Japanese maritime giant Doun Kisen KK (aka Doun Kisen Co. Ltd) has commissioned Mitsui Engineering & Shipbuilding to construct two (2) ultramax bulk carriers. Two (2) ultramax bulk carriers, with a carrying capacity of 66K DWT (deadweight tons), are scheduled for delivery late next year and at the beginning of 2021. Japanese shipowner Doun Kisen KK’s (aka Doun Kisen Co. Ltd) present fleet comprises an impressive collection of 72 bulk carriers, 15 container ships, 11 tankers, two LPG carriers, and three reefer ships. Furthermore, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) has already contracted for a total of 10 new buildings. 29-April-2019
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2010 built supramax bulk carrier 58K DWT MV Korean Lily to Athens-based shipowner and operator Diligent Holdings for around $14 million. Diligent Holdings renamed MV Korean Lily as MV Lacta. Diligent Holdings increased the fleet size to 13 bul carriers. 13-March-2019
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2005 built supramax bulk carrier 55K DWT MV Eleen Armonia (ex MV Navios Armonia) to Bulgaria-based Meteor Management which is a ship management company backed by commodity trader Eleen Marine. Eleen Marine aims to build a fleet of up to six bulk carriers by the end of 2019. In 2005, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) took the delivery of MV Eleen Armonia (ex MV Navios Armonia) from Kawasaki Heavy Industries in Japan. 1-January-2019
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2012 built panamax bulk carrier 74K DWT MV Scorpio (ex MV Eisho) for around million $18 million to Athens-based Ismini Panayiotides-led shipowner and operator Pavimar SA. Ismini Panayiotides-led Pavimar has expanded the company’s managed fleet to 15 ships. 1-January-2019
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) exercised options for two (2) IMO Tier II-compliant ultramax dry bulk new-buildings at Nantong Xiangyu Shipbuilding & Offshore Engineering on the basis of price and 2020 delivery slot. Previously, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) ordered four (4) the Sdari-designed, 63K DWT ultramax dry bulk new-buildings at the state-owned Nantong Xiangyu Shipbuilding & Offshore Engineering. With the latest options brings Doun Kisen KK’s (aka Doun Kisen Co. Ltd’s) newbuild tally to six (6) ultramax dry bulk new-buildings. 4-October-2018
Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2009 built supramax bulk carrier 55K DWT MV Eleen Neptune (ex MV Bulk Neptune) to Bulgarian commodity trader Eleen Marine for around $15 million. In 2009, Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) got the delivery of MV Eleen Neptune (ex MV Bulk Neptune) from Mitsui Engineering & Shipbuilding. Bulgarian commodity trader Eleen Marine has invested in two (2) supramax bulk carriers and Eleen Marine aims to more than double the company’s’ fleet next year. Bulgarian commodity trader Eleen Marine cooperates with Varna-based Meteor Management Bulgaria as the company”s shipmanager. 12-September-2018
Japanese shipowner Doun Kisen is attracted by lower prices and earlier deliveries of Chinese shipyards and ordered six (6) dry bulk carrier new-buildings worth more than $164 million. Japanese shipowner Doun Kisen preferred Chinese shipyards to take advantage of lower-priced new-buildings and earlier delivery dates. Japanese shipowner Doun Kisen ordered 4 ultaramax dry bulk carriers 63K DWT and 2 kamsarmax dry bulk carriers 82K DWT at Nantong Xiangyu Shipbuilding in China. All the dry bulk carriers are going to be built according to Tier II NOx emissions standards rather than the International Maritime Organization’s newer Tier III rules. Japanese shipowner Doun Kisen’s fleet is mostly built at domestic Japanese shipyards. Furthermore, Japanese shipyards are not offering Tier II new-buildings anymore. Tier III new-buildings are also more expensive and less economical. Besides Doun Kisen, other Japanese shipowners like Nisshin Shipping, Nissen Kaiun, and Mitsui & Co. preferred Chinese shipyard. Japanese shipowner Doun Kisen is one of the largest private shipowning companies with a mixed fleet of about 120 ships. Japanese tonnage provider Doun Kisen charters out its fleet to biggest ship operators like NYK Line, MOL, K Line (Kawasaki Kisen Kaisha), and Daiichi Chuo Kisen Kaisha. 25-August-2018
Japanese shipyards have unilaterally decided to cease the production of ships equipped with Tier II engines. A noteworthy order was placed by Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) for ultramax bulk carriers. Interestingly, Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) has chosen China over their home country for contracting, where Tier II engines are still available. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) ordered two (2) firm 63K DWT ultramax bulk carriers with an option for two more from Nantong Xiangyang Shipbuilding in the H1 2020. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) will pay around $24 million for each ultramax bulk carrier. 30-July-2018
Japanese shipowner Doun Kisen Kaisha’s 2015 built panamax dry bulk carrier 78K DWT MV Ikan Kerapu was grounded in the Irbe Strait in the Gulf of Riga on Sunday morning. Tugs appeared to assist grounded MV Ikan Kerapu. MV Ikan Kerapu is operated by Singapore-based Pacific Carriers. No pollution or damage has been reported. 28-July-2018
Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) attracted by lower costs and earlier delivery of ultramax and kamsarmax bulk carrier new-buildings in China. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) signed a contract worth more than $164 million that would make it the latest Japanese shipowner to turn to Chinese shipyards to take advantage of lower-priced new-building bulk carriers. Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd) prefered Nantong Xiangyu Shipbuilding and Offshore Engineering to construct a series of ultramax and kamsarmax bulk carrier new-buildings. 25-July-2018
Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) sold 2008 built supramax bulk carrier 55K DWT MV Navios Armonia for around $14 million to a Greek shipowner and operator. In 2008, Japanese shipowner and operator Doun Kisen KK (aka Doun Kisen Co. Ltd) got the delivery of MV Navios Armonia from Kawasaki Shipbuilding. 12-July-2018
Approximately a month after the esteemed PetroVietnam successfully incorporated Chembulk’s MT Opec Fortune (ex MTKings Point) at a price just shy of $14 million, the flourishing Southeast Asian enterprise PetroVietnam finds itself in association with a significantly larger tanker acquisition. Behold, MT BM Breeze, an impressive 105K DWT (deadweight tonnage) aframax tanker, owned by Japanese shipowner Doun Kisen KK (aka Doun Kisen Co. Ltd), was acquired at the grand cost of $18 million. This notable addition marks the fifth aframax tanker to grace PetroVietnam’s esteemed tanker fleet, which now boasts a total of 15 magnificent ships. It’s worth noting that the state-owned PetroVietnam is currently contemplating a substantial $500 million bond issue within the forthcoming couple of years, as PetroVietnam sets its sights on further expanding its maritime portfolio through additional ship acquisitions. 23-April-2018