Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) has once again turned to China Merchants Jinling Shipyard (Nanjing) for another pair of ultramax bulk carrier newbuildings, further strengthening a yard relationship that has already resulted in several vessel deliveries and highlighting Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd’s (NASCO’s) steady expansion in the geared dry bulk segment. Chinese bulker owner Nanjing Ocean Shipping Co Ltd (NASCO) has placed an order for two 63,500 DWT ultramax bulk carriers at China Merchants Jinling Shipyard (Nanjing), with the two newbuildings scheduled for delivery during 2027, although the financial details of the contract have not been made public. This latest agreement adds another chapter to the ongoing cooperation between the two sides, as Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) had already contracted four ultramax bulk carrier newbuildings at China Merchants Jinling Shipyard (Nanjing), with three of those ships having already entered service. The newest two ultramax bulk carrier newbuildings will be constructed in line with IMO (International Maritime Organization) Phase III efficiency standards and will also comply with the latest international rules and regulations governing ship performance and environmental requirements, indicating that Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) is not merely increasing fleet numbers but is also aligning its fleet development with stricter efficiency targets and evolving regulatory demands. For a fleet concentrated in the geared dry bulk sector, this remains especially relevant because ultramax bulk carriers are among the most commercially flexible ship types, capable of serving a broad range of bulk and minor bulk trades while also offering operational advantages through their own cargo-handling equipment. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) currently controls a fleet of around 20 bulk carriers, with the greater part of that fleet positioned in the supramax bulk carrier segment. That makes the latest order strategically logical rather than unexpected, as Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) appears to be reinforcing a fleet profile it already understands well instead of branching out into unfamiliar size categories. In practical terms, the repeat order at China Merchants Jinling Shipyard (Nanjing) also suggests confidence in the ships already delivered, while the decision to return to the same shipyard points to continuity in technical standards, design preferences and operational consistency. Viewed more broadly, the new contract presents Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) as a focused dry bulk owner pursuing growth in a measured and disciplined manner. Rather than chasing fleet scale for its own sake, Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) seems to be building around familiar vessel classes and established domestic shipyard ties, a strategy that can offer advantages in construction oversight, delivery planning and fleet commonality. By returning to China Merchants Jinling Shipyard (Nanjing) for another ultramax bulk carrier pair, Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) is further consolidating its presence in the geared bulk carrier market while also signalling continued confidence in a fleet strategy centred on modern supramax bulk carriers and ultramax bulk carriers. 16-March-2026
Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) is continuing to expand its geared dry bulk presence through another ultramax bulk carrier order at a domestic yard, further reinforcing a fleet strategy built around familiar ship types and an established construction relationship. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) has contracted two 63.5K DWT ultramax bulk carriers at China Merchants Jinling Shipyard (Nanjing), with delivery planned for 2027, adding to an earlier series of newbuilding commitments placed at the same shipyard. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) had already booked four comparable ultramax bulk carrier newbuildings at China Merchants Jinling Shipyard (Nanjing), and reports indicate that three of those ships have already joined the fleet, underlining the continuity and apparent confidence within the relationship between the owner and the builder. The newly ordered ultramax bulk carriers will be constructed to satisfy IMO (International Maritime Organization) Phase III efficiency standards as well as the latest international environmental and ship performance requirements, showing that Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) is not merely enlarging fleet numbers but also aligning its fleet renewal programme with tightening regulatory and efficiency expectations. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) presents itself as a comprehensive ocean shipping enterprise active in shipowning, ship operation, ship management, international shipping and related maritime services, which helps explain why its expansion in the supramax bulk carrier and ultramax bulk carrier sectors appears structured and deliberate rather than opportunistic. Publicly available fleet information indicates that Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) operates about 20 vessels, with bulk carriers accounting for the vast majority of the fleet, and that commercial focus matches closely with its latest decision to return once again to China Merchants Jinling Shipyard (Nanjing) for additional geared dry bulk tonnage. That makes the latest move strategically consistent with the current shape of the fleet. Instead of moving into unfamiliar size segments, Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) appears to be strengthening its commitment to vessel categories it already understands thoroughly, particularly the supramax bulk carrier and ultramax bulk carrier segments, where cargo flexibility, self-loading capability and broad trading optionality continue to offer strong commercial appeal. By going back to the same domestic builder for another pair of ultramax bulk carriers, Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) is improving fleet commonality, maintaining technical consistency and signalling ongoing confidence in a disciplined growth path centred on modern, regulation-ready bulk carriers. 15-July-2024
Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd’s (NASCO’s) sister company Twin Rivers, which is also part of Nanjing Jianghai Group, has moved to enlarge its dry bulk presence through an order for two 59K DWT handymax dry bulk carriers at Chinese shipyards, adding further momentum to the broader shipping activities associated with Nanjing Jianghai Group. No purchase price has been disclosed for the two handymax dry bulk carriers, which will be constructed at Taizhou Kouan shipyard and are scheduled for delivery in 2020. The order is significant not only because it introduces additional tonnage to the wider group’s fleet profile, but also because it draws attention to the expanding maritime presence surrounding Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO), which has been developing its role as a focused operator in the dry bulk and general cargo sectors. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) forms part of the wider Nanjing Jianghai Group structure and presents itself as an ocean shipping enterprise active in shipowning, ship operation, ship management, international shipping and related maritime services, giving Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) a broader commercial identity than that of a simple single-segment owner. Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) currently operates a fleet of around 20 vessels consisting mainly of dry bulk carriers and general cargo ships, and more recent fleet development has pointed to a particular concentration on geared dry bulk tonnage, especially in the supramax bulk carrier and ultramax bulk carrier segments. That background makes the Twin Rivers handymax dry bulk carrier order strategically consistent with the wider group’s shipping profile, as it reflects continuing confidence in versatile, medium-sized dry bulk carrier types capable of serving a wide range of regional and international cargo trades. In that respect, the latest order is not merely an isolated shipyard deal, but part of a broader pattern in which Chinese shipowner and operator Nanjing Ocean Shipping Co Ltd (NASCO) and its affiliated interests continue to reinforce a compact yet clearly defined fleet platform built around practical and commercially adaptable dry bulk tonnage. 14-December-2018