Taiwan Navigation Company (TNC) is intensifying its efforts to renew its fleet by placing an order for two handysize bulk carriers with the Japanese shipyard Namura Shipbuilding. These new vessels are expected to be delivered in the second quarter of 2026. This move is in line with Taiwan Navigation Company’s (TNC) ongoing fleet renewal program, which aims to modernize and upgrade its shipping assets. Since its establishment in 1946, Taiwan Navigation Company (TNC) has maintained a commitment to safety and prioritizing customer satisfaction, striving to provide top-notch shipping services. Thanks to the dedication of its team members and the continuous support of its customers, Taiwan Navigation Company (TNC) has not only achieved consistent business growth but has also earned a strong reputation and trust within the shipping industry. 28-January-2024
Taiwan Navigation Company (TNC) has once again turned to a well-known shipyard in Japan to further augment its growing fleet. According to information provided by shipbrokers, Taiwan Navigation Company (TNC), a prominent Taiwanese shipowner and operator, has recently placed orders for two handysize bulk carriers with a capacity of 40K deadweight tons (DWT) at Namura Shipbuilding. The scheduled delivery for these vessels is set for the year 2024, although specific pricing details have not been disclosed as of now. Headquartered in Taipei, Taiwan Navigation Company (TNC) maintains a diverse fleet composition that encompasses various types of vessels, including Kamsarmax, Panamax, and Handy bulk carriers. In addition to its bulk carrier segment, the company also operates a ferry service, a dredger, and manages a fleet of tugboats, further solidifying its presence and versatility within the maritime industry. 15-May-2022
Jinhui Shipping and Transportation, a Chinese bulk carrier operator, has recently announced its acquisition of the MV Tai Hawk, a 52,000 deadweight tons (DWT) supramax bulker built in 2004. The vessel was purchased from Tai Shing Maritime, an affiliate company of Taiwan Navigation Company (TNC), in a transaction valued at $10.8 million. The MV Tai Hawk, which was constructed in Japan, is set to be delivered to Jinhui Shipping and Transportation sometime between June 10 and August 15 of this year. Jinhui Shipping and Transportation currently holds ownership of 19 bulk carriers and has two more acquisitions in the pipeline, awaiting delivery. In late April, the company expanded its fleet by acquiring another supramax bulk carrier, the MV Makiki, a 2006-built vessel, from the Greek owner Unisea Shipping. This series of acquisitions demonstrates Jinhui Shipping and Transportation’s commitment to enhancing its presence in the bulk carrier segment of the shipping industry. 19-May-2021
Taiwan Navigation Company (TNC), headquartered in Taipei and engaged in ship owning and operating, has recently divested a 16-year-old Panamax bulk carrier with a 77,000 deadweight tons (DWT) capacity. The vessel, known as MV Tai Promotion and constructed in 2004, has been sold to Chinese owner Qingdao Everbright Ship Management at a price of $6.75 million. Subsequently, it has been renamed MV Elim Joyce under its new ownership. As a result of this sale, Taiwan Navigation Company (TNC) anticipates recording a gain of $2 million. This divestment aligns with the company’s strategic fleet optimization plan. Currently, Taiwan Navigation Company (TNC) possesses a fleet comprising 14 bulk carriers, and an additional eight vessels are on order, with four of them expected to join TNC’s fleet in the upcoming year. This move reflects Taiwan Navigation Company’s (TNC) commitment to fleet enhancement and modernization, ensuring its competitiveness in the maritime industry. 16-December-2020
Taiwanese partly stated-owned shipowner and operator Taiwan Navigation sold 2004 built kamsarmax bulk carrier 77K DWT MV Tai Promotion for around $6.5 million. In 2004, MV Tai Promotion was built at Taiwan’s shipyard CSBC. Taipei-based Taiwan Navigation has been in a fleet renewal programme. In June 2019, Taiwan Navigation sold MV Tai Promotion’ sistership 2004 built kamsarmax bulk carrier 77K DWT MV Tai Progress for around $7.5 million to Chinese shipowner and operator YKJ Shipping. In August 2018, Taiwan Navigation ordered scrubber-fitted ultramax bulk carriers at Oshima Shipbuilding. In February 2019, Taiwan Navigation ordered two (2) 80K DWT kamsarmax bulk carriers at Namura Shipbuilding. In November 2019, Taiwan Navigation ordered one (1) 80K DWT kamsarmax bulk carrier at Namura Shipbuilding and one (1) scrubber-fitted ultramax bulk carrier at Oshima Shipbuilding. Currently, Taiwanese partly stated-owned shipowner and operator Taiwan Navigation has a fleet of 15 bulk carriers. 24-August-2020
Taipei-based shipowner and operator, Taiwan Navigation Company (TNC), has recently inked a shipbuilding contract with Japan’s Oshima Shipbuilding. This contract entails the construction of a 63K deadweight tons (DWT) ultramax bulk carrier, with the delivery of the vessel scheduled for the second quarter of 2022. While the exact value of the contract remains undisclosed, this order is an addition to TNC’s existing order of two 81K DWT panamax bulk carriers, also being built by Oshima Shipbuilding. Taiwan Navigation Company (TNC) is actively pursuing a fleet rejuvenation program, and these orders are part of their efforts to modernize their fleet and enhance competitiveness in the maritime industry. Currently, Taiwan Navigation Company (TNC) operates a fleet of 17 bulk carriers, and these newbuildings will contribute to its ongoing fleet enhancement initiatives. 24-May-2020
Taiwan Navigation Company (TNC) has placed an order for two Japanese-built bulk carriers, continuing its strategy of renewing its fleet. The order includes an 80K deadweight tons (DWT) Kamsarmax bulk carrier and a 60K DWT Ultramax bulk carrier, with a combined value of $64.1 million. Namura Shipbuilding will construct the Kamsarmax vessel, while Oshima Shipbuilding will build the Ultramax counterpart. Delivery dates for these ships have not been disclosed. Taiwan Navigation Company (TNC) has stated that these two new bulk carriers are intended to replace older vessels in its fleet, as per a recent regulatory filing. This order follows Taiwan Navigation Company’s (TNC) previous order earlier in the year for two 80K DWT kamsarmax bulk carriers from Namura Shipbuilding, each priced at $33.9 million. In addition, in September of the previous year, Taiwan Navigation Company (TNC) had ordered a pair of Ultramax bulk carriers from Oshima Shipbuilding, initially with a capacity of 62K DWT, but later increased to 64K DWT. These Ultramax vessels are also being equipped with scrubbers, which has slightly increased the cost of the ships from $51 million to $53 million. It’s worth noting that several Taiwanese shipowners have been actively engaged in the dry bulk newbuilding market, with a particular preference for Japanese shipyards. 17-November-2019
Taiwan Navigation Company (TNC), a prominent Taiwanese shipowner and operator, has recently revealed its newbuilding orders, demonstrating its commitment to expanding its fleet. The orders encompass two bulk carriers to be constructed at separate Japanese shipyards. Specifically, Taiwan Navigation Company (TNC) has placed an order for an 80,000 deadweight tons (DWT) bulker with Namura Shipbuilding and a 60,000 DWT bulker with Oshima Shipbuilding. The combined value of these contracts amounts to $64.1 million. This announcement follows Taiwan Navigation Company’s (TNC) previous orders earlier in the year for two 81KDWT kamsarmax bulk carriers from Oshima Shipbuilding and two 80K DWT kamsarmax bulk carriers from Namura Shipbuilding. These strategic acquisitions align with Taiwan Navigation Company’s (TNC) goals to enhance and diversify its fleet. Presently, Taiwan Navigation Company (TNC) operates a fleet comprised of 18 bulk carriers, and these newbuildings will further contribute to their fleet expansion efforts. 7-November-2019
Taiwan Navigation Company (TNC), a shipowner and operator headquartered in Taipei, has expanded its fleet with the acquisition of a 15-year-old supramax bulk carrier from US-based owner Eagle Bulk. According to information from multiple shipbroking sources, TNC has purchased the MV Kestrel 1, a Japanese-built vessel with a deadweight capacity of 50,300 tons, originally constructed in 2004. This acquisition was finalized at a price of $7.3 million. This move comes shortly after Taiwan Navigation Company’s (TNC) sale of two vessels in its fleet, namely the 2014-built MV Tai Happiness, a 52K DWT supramax bulker, and the MV Tai Progress, a 77K DWT panamax bulker. Currently, Taiwan Navigation Company operates a fleet of 18 bulk carriers, and it has four newbuildings currently under construction at Japanese shipyards, indicating its commitment to fleet expansion and modernization within the maritime industry. 28-July-2019
Taiwan Navigation has been selling vintage bulk carriers. Taiwan Navigation has been in the fleet renewal programme. Taiwan Navigation ordered four (4) kamsarmax newbuilding bulk carriers. Furthermore, Taiwan Navigation ordered two (2) ultramax dry bulk carriers at Oshima Shipbuilding and Namura Shipbuilding. Taiwan Navigation is preparing to sell 2004 built 77K DWT MV Tai Progress which has been inspected by Chinese shipowners. Chinese private shipowners will be the possible purchasers of vintage panamax bulk carrier. 77K DWT MV Tai Progress was built in 2004 at CSBC Corporation. According to dry bulk carrier experts MV Tai Progress will probably fetch around $8million. Unquestionably, Chinese shipowners will not be acquiring MV Tai Progress for domestic trading. MV Tai Progress is extremely old to meet the Chinese government’s emissions specifications for tonnage imported into the Chinese flag for domestic trade. MV Tai Progress can be used only in international trades. In addition to MV Tai Progress, Taiwan Navigation has been attempting to sell 2004 built supramax bulk carrier 52K DWT MV Tai Happiness. Chinese shipowners are now principally interested in 5 to 8-year-old supramax up to panamax bulk carriers. Majority shares of Taiwan Navigation is owned by the Taiwanese state. Additionally, Taipei-based capesize shipowner Chinese Maritime Transport holds a tiny amount of Taiwan Navigation’s shares. Taiwan Navigation is a shareholder in Taiwanese container line Yang Ming Marine Transport. 25-June-2019
Taipei-based shipowner and operator Taiwan Navigation Company (TNC) continues to streamline and modernize its fleet by entering into newbuilding contracts with Japan’s Oshima Shipbuilding. These contracts involve the construction of two Kamsarmax bulk carriers, each with a capacity of 81K deadweight tons (DWT). Anticipated delivery for these Kamsarmax vessels is slated for the year 2022, and the combined value of the contracts stands at $66.22 million. This decision follows Taiwan Navigation Company’s (TNC) earlier orders placed in March with Namura Shipbuilding for two 80K DWT bulk carriers. Taiwan Navigation Company (TNC) has emphasized that these eco-friendly bulk carriers will gradually replace older vessels in their existing fleet, allowing them to maintain a fleet with an average age below six years old by the year 2022. Currently, Taiwan Navigation Company (TNC) operates a fleet consisting of 20 bulk carriers, and they have an additional six vessels on order. These strategic moves reflect Taiwan Navigation Company’s (TNC) commitment to modernization and fleet optimization within the maritime industry. 14-April-2019
Taiwan Navigation Company (TNC) has officially confirmed its newbuilding orders for two 80,000 deadweight tons (DWT) bulk carriers, commonly referred to as kamsarmax bulk carriers, as per a regulatory filing. These contracts, priced at $33.9 million each, were initially signed with Japan’s Namura Shipbuilding last wek. Taiwan Navigation Company (TNC), a shipowner and operator based in Taipei, had expressed its intention to potentially order up to four of these 80K DWT kamsarmax bulk carriers in late December the previous year. While the filing did not specify delivery dates, the newbuildings are intended to replace existing vessels in Taiwan Navigation Company’s (TNC) fleet and contribute to its fleet expansion. Currently, Taiwan Navigation Company (TNC) operates a diverse fleet that includes five MR tankers, four kamsarmax bulk carriers, three panamax bulk carriers, and 11 handymax bulk carriers. Additionally, they have several containerships and tugs in their fleet. Taiwan Navigation Company (TNC) also has two ultramax bulk carriers on order at Japan’s Oshima Shipbuilding. These ultramax bulk carriers were initially designed with a capacity of 62K DWT but were later enlarged to 64K DWT. Furthermore, these ultramax bulk carriers are being equipped with scrubbers, resulting in a slight increase in their total cost from $51 million to $53 million. 9-March-2019
Taiwan Navigation Company (TNC), a shipowner and operator based in Taipei, continues to expand its kamsarmax fleet by placing orders with Japanese shipyard Namura Shipbuilding. These orders involve the construction of two kamsarmax bulk carriers, each with a deadweight capacity of 80,000 tons. It’s worth noting that in December of the previous year, Taiwan Navigation Company (TNC) had already placed orders for two 80,000 DWT kamsarmax bulk carriers with Namura Shipbuilding and Oshima Shipbuilding. The latest additions to their fleet are designed to meet Tier III compliance standards and will be equipped with scrubbers for environmental considerations. Each of these kamsarmax bulk carriers carries a price tag of $33.98 million, and delivery is expected in the first quarter of 2021. Currently, Taiwan Navigation Company (TNC) operates a fleet consisting of 20 bulk carriers, and they have a total order book of eight bulk carriers, signaling their dedication to fleet expansion and modernization within the maritime industry. 6-March-2019
Taiwan Navigation Company (TNC) is strategically expanding its kamsarmax bulk carrier fleet with a recent order placed in Japan for four 80,000 deadweight ton (DWT) ships. This order has been evenly split between Oshima Shipyard and Namura Shipbuilding, with each shipyard responsible for building two kamsarmax bulk carriers. These kamsarmax bulk carriers are designed to meet International Maritime Organization (IMO) Tier III compliance standards and will be equipped with scrubbers for environmental considerations. The delivery of these kamsarmax bulk carriers is anticipated in 2020, and while the exact pricing details have not been disclosed, this significant order marks a significant step forTaiwan Navigation Company (TNC). Currently, Taipei-based shipowner and operator Taiwan Navigation Company (TNC) operates a diverse fleet comprising not only kamsarmax bulk carriers but also panamax bulk carriers, handymax bulk carriers, five product carriers, nine tugboats, a ferry, and two container ships on time charter. These new ship orders, which are the first for Taiwan Navigation Company (TNC) this year, will bring their fleet size to approximately 40 ships, reflecting their commitment to strategic growth and modernization within the maritime industry. 26-December-2018
Taiwanese shipowner and operator, Franbo Lines, has announced its acquisition of a 51K DWT supramax bulk carrier from Tai Shing Maritime, an affiliate of Taiwan Navigation Company (TNC). The purchase price for the vessel, believed to be the 2002-built supramax bulker MV Tai Harvest, is set at $8.55 million. Franbo Lines expects that this acquisition will contribute to the increased profitability of the company. The scheduled delivery of the ship is expected to take place before the end of the year, and upon arrival, it will become the largest ship in Franbo Lines’ fleet. Currently, Franbo Lines operates a fleet consisting of 11 bulk carriers, with most of them having a capacity below 20,000 DWT. 8-October-2017
Taiwan Navigation Company (TNC), a shipowner and operator headquartered in Taipei, has made another strategic move in its fleet optimization plan by placing a new order with Japanese shipyard Oshima Shipbuilding. This contract involves the construction of two Ultramax bulk carriers with a deadweight capacity of 62,000 tons each. The combined value of this contract is $51 million, and the vessels are scheduled for delivery in 2020 and 2021. This order follows a previous one placed by Taiwan Navigation Company (TNC) in May for two 62K DWT bulkers from Oshima Shipbuilding. These acquisitions are part of TNC’s commitment to modernizing and optimizing its fleet. Currently, Taiwan Navigation Company (TNC) operates a fleet consisting of 20 ships, and two 80K DWT newbuildings are set to join the fleet in October, further reinforcing its presence in the maritime industry. 23-September-2017
Taipei-based shipowner and operator Taiwan Navigation Company (TNC) has recently revealed its order for two 62,000 deadweight tons (DWT) ultramax bulk carriers from Japan’s Oshima Shipbuilding. Each ultramax bulk carrier comes with a price tag of $25.5 million, although specific details regarding the order have not been disclosed beyond the pricing. Taiwan Navigation Company’s (TNC) fleet currently consists of 21 bulk carriers, which includes a mix of six panamax bulk carriers, two supramax bulk carriers, and thirteen ultramax bulk carriers. This order signifies their continued commitment to fleet expansion and modernization within the maritime industry. 9-May-2017