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Japan Maritime Daily Apr 23, 2025 (Wed)

Tsuneishi Shipbuilding receives order for a Type 64 bulker from Seacon Shipping

TZS factory (photo taken in 2015)
 Tsuneishi Shipbuilding received an order for a 63,300-dwt (Type 64) bulker from Chinese shipping co ・・・ %E3%80%80%3Cb%3ETsuneishi%3C%2Fb%3E+Shipbuilding+received+an+order+for+a+63%2C300-dwt+%28Type+64%29+bulker+from+Chinese+shipping+company+Seacon+Shipping.+The+vessel+will+be+built+at+the+group%E2%80%99s+Chinese+yard%2C+TSUNEISHI+GROUP+%EF%BC%9CZHOUSHAN%EF%BC%9E+SHIPBUILDING+%28TZS%29.+Delivery+is+scheduled+for+April+2027%2C+and+the+vessel+price+is+%2438.34+million.+Although+new+shipbuilding+prices+for+bulkers+are+currently+somewhat+weak%2C+this+vessel+is+being+contracted+at+a+considerably+high+price+for+a+Chinese-built+ship+with+strong+cost+competitiveness%2C+as+it+is+a+rare+short-delivery+slipway+globally.+With+regard+to+the+United+States+Trade+Representative%E2%80%99s+%28USTR%29+announcement+last+week+about+the+imposition+of+port+entry+fees+on+Chinese-built+ships+at+U.S.+ports%2C+the+impact+on+bulkers+is+expected+to+be+limited%2C+but+market+participants+are+closely+monitoring+the+situation.%3Cbr%3E%E3%80%80On+April+18%2C+Seacon+Shipping+announced+to+the+Hong+Kong+Exchanges+and+Clearing+that+it+had+signed+a+contract+with+TZS%2C+through+its+Singapore+subsidiary%2C+to+build+one+Type+64+bulker.%3Cbr%3E%E3%80%80Payment+for+the+vessel+will+be+made+in+five+stages%3A+%247.64+million+at+contract+signing%2C+%243.82+million+each+at+first+steel+cutting%2C+block+loading%2C+and+launching%2C+and+%2419.24+million+upon+completion.%3Cbr%3E%E3%80%80Seacon+Shipping+commented+that+the+purpose+of+the+newbuilding+program+is+%E2%80%9Cas+part+of+our+group%E2%80%99s+strategy+to+optimize+and+expand+the+fleet+by+gradually+replacing+aging+vessels+with+new+ones.%E2%80%9C%3Cbr%3E%E3%80%80In+March%2C+TZS+received+a+34%25+investment+from+Yangzijiang+Shipbuilding+Group%2C+a+major+private+Chinese+shipbuilder.+Since+then%2C+this+is+the+first+time+that+a+contract+for+a+newbuilding+constructed+by+TZS+has+come+to+light.%3Cbr%3E%E3%80%80In+September+last+year%2C+%3Cb%3ETsuneishi%3C%2Fb%3E+Group+and+Yangzijiang+Shipbuilding+agreed+to+strengthen+their+cooperation%2C+including+on+new+fuel+initiatives%2C+by+having+Yangzijiang+Shipbuilding+invest+in+TZS+through+a+third-party+allocation+of+new+shares.%3Cbr%3E%E3%80%80The+contract+prices+for+bulkers+ordered+from+Japanese+shipyards+rose+further+for+all+vessel+types+in+the+middle+of+last+year+compared+to+early+spring+levels.+The+price+range+for+Type+64+Ultramax+bulkers%2C+which+was+around+%2437+million+to+%2438+million+in+the+spring%2C+rose+to+about+%2438+million+to+%2439+million+before+summer%2C+reaching+a+recent+peak.+Since+then%2C+prices+remained+flat+and+began+to+soften+around+the+end+of+last+year.%3Cbr%3E%E3%80%80With+domestic+shipyards+having+almost+sold+out+their+2028+slipways+and+the+main+battleground+for+new+small+and+medium+bulker+orders+shifting+to+deliveries+in+the+first+half+of+2029%2C+%3Cb%3ETsuneishi%3C%2Fb%3E+Shipbuilding%E2%80%99s+latest+order+is+for+a+short-delivery+vessel+that+is+globally+rare%2C+and+%E2%80%9Ca+premium+is+being+paid+for+the+vessel+price%2C+making+it+a+considerably+high-priced+contract+for+a+Chinese-built+ship%2C%E2%80%9C+according+to+a+newbuilding+market+source.%3Cbr%3E%E3%80%80On+April+17%2C+the+USTR+announced+details+of+the+introduction+of+port+fees+for+Chinese-built+ships+calling+at+U.S.+ports.+As+for+bulkers%2C+the+impact+on+the+dry+bulk+market+is+considered+to+be+limited+because+ships+entering+in+ballast+condition+and+small+and+medium-sized+vessels+of+80%2C000+dwt+or+less+are+exempt+from+port+entry+fees.%3Cbr%3E%E3%80%80A+source+in+the+newbuilding+market+explained+the+trend+in+inquiries+at+Japanese-affiliated+Chinese+shipyards+following+the+USTR%E2%80%99s+announcement%3A+%E2%80%9Cthere+may+be+some+psychological+effects%2C+such+as+a+temporary+decline+in+shipowners%E2%80%99+willingness+to+place+orders%2C+but+at+present%2C+there+has+been+no+concrete+impact%2C+such+as+a+decline+in+inquiries+for+new+bulkers+over+80%2C000+dwt%2C+which+are+not+exempt+from+port+entry+fees.%E2%80%9C%3Cbr%3E%E3%80%80The+source+added%2C+%E2%80%9CBulkers+that+transport+grains+and+coal%2C+the+main+dry+cargoes+exported+from+the+United+States%2C+often+enter+the+U.S.+in+ballast+condition.+In+addition%2C+since+vessels+of+80%2C000+dwt+or+less+are+now+exempted%2C+there+is+no+longer+a+surcharge+imposed+on+small+and+medium-sized+bulkers+carrying+cargo.+The+source+also+indicated+that+%E2%80%9Cthe+impact+on+inquiries+for+newbuildings+will+likely+remain+limited+in+the+future.%E2%80%9C%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E



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