Nissen Kaiun selling capesize dry bulk carrier

4 July 2019

Japanese shipowner and operator Nissen Kaiun ordered 10 handysize log carrier newbuildings at Japanese Shipyard Tsuneishi Shipbuilding. 10 handysize log carrier newbuildings 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 newbuildings. TESS42 design is the upgraded version of TESS38 design. 10 handysize log carrier newbuildings 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 newbuildings each. Japanese shipowner and operator Nissen Kaiun orderbook increased to 40 ships. Nissen Kaiun orderbook 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 mtons with the same draught.

TESS42 newbuildings will be equipped with four deck cranes, wide-opening hatch covers, and semi-box type cargo holds suitable for transporting steel products. TESS42 newbuildings 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.


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.