Japanese shipowner Nissen Kaiun sold 2013 built scrubber-fitted kamsarmax bulk carrier 82K DWT MV Lord Star to German shipowner and operator Blumenthal JMK (Bluships) for around $23.8 million. MV Lord Star constructed in 2013 by Sanoyas. MV Lord Star is expected to augment Hamburg-based shipowner and operator Blumenthal JMK’s (Bluships) existing fleet of 32 bulk carriers, primarily composed of bulk carriers. In 2021, Blumenthal JMK (Bluships) acquired 2016 built scrubber-fitted kamsarmax bulk carrier 81K DWT MV Bulldog (ex MV Lowlands Comfort) from Japanese shipowner Doun Kisen for around $26.5 million. MV Bulldog (ex MV Lowlands Comfort) was built in 2016 by Tsuneishi Cebu. MV Lord Star purchase came after Blumenthal JMK (Bluships) had bought two additional kamsarmax bulk carriers from Japanese shipowners in 2021. In the current S&P (Sale and Purchase) market, similar bulk carriers, though nearly a decade newer, are speculated to command prices nearly $10 million higher. For instance, Lubeck-based shipowner and operator Oldendorff Carriers is believed to have sold its 2022-built, Jiangsu New Hantong-constructed MV Kuno Oldendorff for around $33 million. 12-October-2023
Tugs and another cargo vessel have been dispatched to unload Japanese shipowner Nissen Kaiun controlled 2019 built handysize bulk carrier 34K DWT MV Nemrut Bay that ran aground off the coast of Vietnam on 19th June. Japanese shipowner Nissen Kaiun controlled MV Nemrut Bay became lodged ten nautical miles from the La Gi estuary, near Binh Thuan province. On Monday morning, four tugs operated by Tan Cang Marine Services Company, owned by Saigon Newport Corporation and the navy, approached the Panama-flagged 2019 built handysize bulk carrier 34K DWT MV Nemrut Bay. Imabari-based shipowner and operator Nissen Kaiun controlled MV Nemrut Bay was traveling from the Philippines to Vung Tao port in Vietnam when the bulk carrier became stranded on a bed of corals mixed with sand and limestone at Britto Shoal. Imabari-based shipowner and operator Nissen Kaiun controlled MV Nemrut Bay was carrying a cargo of 25,510 tonnes of steel, along with 853 tonnes of fuel onboard. Authorities have warned of the risk of pollution if prompt salvage operations are not undertaken. Despite several unsuccessful attempts to refloat 2019 built handysize bulk carrier 34K DWT MV Nemrut Bay, it has been determined that lightering is necessary. Booms have been deployed around the Japanese shipowner Nissen Kaiun-controlled MV Nemrut Bay to contain any potential spillage. The salvage operation is estimated to take approximately three to four days. The owner of the MV Nemrut Bay is Nikko Kisen, a part of the Japanese shipowning group Nissen Kaiun. There are no records of port state detentions associated with this vessel. 12-July-2023
Japanese shipowner Nissen Kaiun controlled 2012 built capesize bulk carrier 181K DWT MV Frontier Unity reported seven meters of sea water in its engine room. Nissen Kaiun controlled 2012 built capesize bulk carrier 181K DWT MV Frontier Unity sent a distress signal off Hay Point near Mackay in Queensland. Imabari-based shipowner Nissen Kaiun controlled MV Frontier Unity has been stabilized after taking on sea water off Australia after the engine room flooded. MV Frontier Unity’s 24 crew members are safe. MV Frontier Unity was not carrying cargo at the time of the incident. 26-January-2023
Japanese shipowner Nissen Kaiun controlled 2020 built kamsarmax bulk carrier 85K DWT MV Namura Queen is reported to have been hit by a missile on its aft side outside the port of Yuzhny, Ukraine. MV Namura Queen’s crew members have not reported any injury. Nissen Kaiun controlled 2020 built kamsarmax bulk carrier 85K DWT MV Namura Queen arrived at Yuzhny on 23 February 2022 after unloading at Odesa Port. MV Namura Queen was in ballast when the kamsarmax bulk carrier was hit by a missile. Japanese shipowner and Nissen Kaiun controlled 2020 built kamsarmax bulk carrier 85K DWT MV Namura Queen was chartered out to the giant grain trader Bunge for long-term. Currently, Bunge chartered out MV Namura Queen to Hong Kong-based Comerge Shipping. 25-February-2022
Imabari-based shipowner Nissen Kaiun and Mitsui & Co established a joint venture Lepta Shipping. Japanese shipowner Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. Lepta Shipping ordered four (4) neo-panamax container ships at Yangzijiang Shipbuilding. Japanese shipowner Nissen Kaiun and Mitsui & Co’s joint venture Lepta Shipping has ordered container ships despite the collapse of container market. 5-January-2023
Imabari-based shipowner Nissen Kaiun acquired 49.5% of the shares in shipyard Shikoku Dock Co. Ltd. from Mitsui E&S Holdings. Currently, Japanese shipowner Nissen Kaiun is the biggest shareholder in the shipbuilder ahead of insurance, investment, and real estate company Shikoku Kougyo. Shikoku Kougyo holds 42.5% of the shares in the shipyard Shikoku Dock Co. Ltd. Japanese shipowner Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. Nissen Kaiun diversified its business by entering the shipbuilding business. Currently, Japanese tonnage provider Nissen Kaiun has a mixed fleet of 168 ships. 7-December-2022
Imabari-based shipowner Nissen Kaiun controlled 2106 built ultramax bulk carrier 60K DWT MV Hakata Queen has destroyed a pier after seeming to lose control in the port of Barranquilla, Colombia. Japanese shipowner Nissen Kaiun owned MV Hakata Queen smashed into a concrete structure in Barranquilla. MV Hakata Queen was planning to depart the terminal with 30K tonnes of coal cargo when the casualty happened. MV Hakata Queen drifted sideways toward the concrete structure where a tug is tied up. Japanese tonnage provider Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. Currently, Japanese shipowner Nissen Kaiun has a mixed fleet of 159 ships. 12-September-2022
Imabari-based shipowner Nissen Kaiun ordered four (4) 50K DWT product carriers at Hyundai Mipo Dockyard (HMD). Hyundai Mipo Dockyard (HMD). Japanese shipowner Nissen Kaiun will take the delivery of four (4) MR tanker newbuilding in December 2024. Japanese tonnage provider Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. 17-July-2022
Japanese shipowner Nissen Kaiun controlled 2012 built capesize bulk carrier 181K DWT MV Frontier Unity was loaded 136,400 tonnes of coal from Newport News, Virginia to China. 136,400 tonnes of coal from Newport News, Virginia was the largest shipment of its kind from a US east coast port, according to Australian-listed miner Coronado Global Resources Inc. Australian-listed miner Coronado Global Resources Inc is a vital international supplier of metallurgical coal. Coronado Global Resources Inc’s US operations continue to successfully ship coal into China at record levels. Coal cargoes from the US to China are increasing. Currently, China is the third top destination for US coal, after India and the European Union. Currently, the US is the third largest source of coal, after Indonesia and Russia, accounting for 5.4% of China’s total coal imports so far in 2021. From a tonne-mile standpoint, China used to import the majority of its coal imports from Australia and Indonesia, and it was therefore primarily a Pacific-only trade. 16-August-2021
Imabari-based shipowner Nissen Kaiun ordered two (2) 86K CBM dual-fuelled VLGC carriers at Korea Shipbuilding & Offshore Engineering (KSOE). Japan’s largest shipowner Nissen Kaiun will charter out two (2) 86K CBM dual-fuelled VLGC carriers to Dorian and Eneos for long term. Japanese tonnage provider Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. Furthermore, Nissen Kaiun will be paying around $165 million. Nissen Kaiun stated that the order for dual-fuelled VLGC ships was a the first for the company. 15-July-2021
Imabari-based shipowner Nissen Kaiun sold 2010 built capesize bulk carrier 181K DWT MV Bulk Denmark to Nikolas Martinos-led Athens-based shipowner and operator Thenamaris. Japan’s largest shipowner Nissen Kaiun will receive around $30.5 million from the deal. Japanese tonnage provider Nissen Kaiun is one of Japan’s biggest privately owned shipping companies. Despite increasing capeseiz bulk carrier prices Athens-based shipowner and operator Thenamaris continues to build bulker fleet. 14-July-2021
Imabari-based shipowner Nissen Kaiun and Mitsui & Co established a joint venture Lepta Shipping. Lepta Shipping exercised the company’s options and has doubled its containership orderbook to $400 million by at Yangzijiang Shipbuilding. Lepta Shipping order increased to ten (10) 3,500-teu feeder containerships. Lepta Shipping chartered out ten (10) 3,500-teu feeder containerships to Maersk for long term. 29-June-2021
Japanese shipowner 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 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. 4-July-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. 15-January-2019
Japanese shipowner 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. 18 December 2018