Nissen Kaiun

4-July-2019

Japanese shipowner and operator Nissen Kaiun ordered 10 handysize log carrier new-buildings at Japanese Shipyard Tsuneishi Shipbuilding. 10 handysize log carrier new-buildings will be TESS42 (42K DWT) design and cost total $250 million. Previously, Japanese Kambara family-controlled Tsuneishi Shipbuilding was constructing TESS38 design (38K DWT) handysize log carrier new-buildings. TESS42 design is the upgraded version of TESS38 design. 10 handysize log carrier new-buildings TESS42 (42K DWT) delivery will be beginning in 2021. Tsuneishi Shipbuilding’s subsidiary yards Tsuneishi Zhoushan Shipbuilding and Tsuneishi Heavy Industries will construct 5 handysize log carrier new-buildings each. Japanese shipowner and operator Nissen Kaiun order-book increased to 40 ships. Nissen Kaiun order-book includes:

  • 1 ULCC (Ultra Large Crude Carrier 320,000 DWT)
  • 5 VLGCs  (Very Large Gas Carriers)
  • 4 MR Product Tankers
  • 14 Feeder Containerships
  • 4 Bulk Carriers
  • 2 Chemical Tankers

Newly developed TESS42 (42K DWT) design follows the design concept of TESS38 design (38K DWT) while improving transportation efficiency. TESS42 design deadweight (DWT) capacity increased by approximately 2,000 tons with the same draught.

TESS42 new-buildings will be equipped with four deck cranes, wide-opening hatch covers, and semi-box type cargo holds suitable for transporting steel products. TESS42 new-buildings will be built in compliance with International Maritime Organization’s NOx Tier III emissions regulations and fitted with scrubbers to comply with SOx emissions restrictions.

15-January-2019

Japanese shipowner Nissen Kaiun sold 2014 built panamax dry bulk carrier 82K DWT MV Crystal Star for around $24 million. Japanese built MV Crystal Star is due for a special survey in June 2019. Japanese shipowner Nissen Kaiun has sold 5 dry bulk carriers since September 2018. On the other hand, Nissen Kaiun is expanding in tankers and containerships in the fleet. In November 2018, Japanese shipowner Nissen Kaiun sold another 2010 built panamax dry bulk carrier 83K DWT MV Global Star to Minsheng Financial Leasing.

18 December 2018

Japanese shipowner and operator Nissen Kaiun is selling the Japanese 2006 built capesize dry bulk carrier 180K DWT M/V Bulk Hong Kong for $13.8 million for further trading.