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日本海事新聞ニュース Japan Maritime Daily Jul 06, 2026 (Mon)

Japanese Yards Focus on Ultramaxes and Handies as Kamsarmaxes Deemed Pricy

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 Orders received by Japanese shipyards are becoming increasingly concentrated in Handysize and Ultra ・・・ %E3%80%80Orders+received+by+Japanese+shipyards+are+becoming+increasingly+concentrated+in+Handysize+and+Ultramax+bulkers+in+the+40%2C000-+to+60%2C000-DWT+classes.+Figures+compiled+by+the+Japan+Ship+Exporters%E2%80%99+Association+show+that+as+for+export+ship+contracts+%28the+number+of+newbuild+orders+received%29+in+FY2025%2C+40%2C000-+to+60%2C000-DWT+bulkers+accounted+for+61%25+of+orders+for+all+vessel+types+%28191+vessels%29%2C+compared+with+52%25+in+FY2024.+One+reason+is+that+while+the+new+shipbuilding+price+of+an+80%2C000-DWT+Kamsarmax+is+about+%244+million+higher+than+that+of+an+Ultramax%2C+the+gap+in+spot+charter+rates+between+the+two+vessel+types+is+narrow%2C+and+there+are+many+cases+of+reverse+phenomena.+As+a+result%2C+%E2%80%9CKamsarmax+prices+appear+relatively+high%2C+which+is+helping+to+boost+the+popularity+of+Ultramax+and+smaller+vessel+types%2C%E2%80%9C+according+to+a+shipowner+source.+%3Cbr%3E+%3Cbr%3E%E3%80%80As+of+July+2%2C+bulker+prices+at+Japanese+shipyards+were+%2433+million-%2434+million+for+40%2C000-DWT+%2840-type%29+Handysize+vessels%2C+%2438+million-%2439+million+for+64-type+Ultramax+vessels%2C+and+%2442+million-%2443+million+for+82-type+Kamsarmax+vessels.+%3Cbr%3E%E3%80%80There+is+a+price+gap+of+about+10%25+between+Ultramax+and+Kamsarmax%2C+and+a+domestic+shipbuilding+industry+source+explained%2C+%E2%80%9CKamsarmax+uses+more+steel%2C+making+it+difficult+to+narrow+the+price+gap+with+Ultramax.%E2%80%9C+%3Cbr%3E%E3%80%80Meanwhile%2C+in+the+current+spot+charter+market%2C+an+inversion+has+occurred%2C+with+the+average+rate+on+major+routes+for+Kamsarmax+at+%2419%2C758%2C+compared+with+%2421%2C168+for+the+smaller+Ultramax.+Even+on+an+average+basis+for+FY2025%2C+Ultramax+exceeded+Kamsarmax+by+about+%24200%2C+indicating+that+the+inverted+relationship+has+become+entrenched.+%3Cbr%3E%E3%80%80Ultramax+vessels+are+characterized+by+onboard+cargo-handling+cranes+%28gear%29%2C+giving+them+a+high+degree+of+flexibility+in+serving+ports+in+emerging+economies.+Furthermore%2C+minor+bulk+cargoes%2C+which+this+vessel+type+is+particularly+well+suited+to+carry%2C+are+expected+to+see+strong+demand%2C+and+trade+diversification+caused+by+heightened+tensions+in+the+Middle+East+and+transit+restrictions+at+the+Panama+Canal+is+also+driving+demand+for+the+highly+versatile+Ultramax.+%3Cbr%3E%E3%80%80However%2C+among+Japanese+ship+owners+who+place+importance+on+in-house+vessel+management%2C+some+executives+are+seeking+to+continue+operating+Kamsarmax+vessels.+%3Cbr%3E%E3%80%80%E2%80%9CA+gearless+Kamsarmax+reduces+vessel+management+costs.+In+this+respect%2C+Kamsarmax+also+has+investment+appeal%2C%E2%80%9C+said+a+shipowner+executive.+%3Cbr%3E%E3%80%80%E2%96%A0+China+wins+Kamsarmax+orders+%3Cbr%3E%E3%80%80Against+this+backdrop%2C+Chinese+shipyards+have+been+steadily+winning+orders+for+Kamsarmax+vessels.+%3Cbr%3E%E3%80%80According+to+MarineNet%2C+a+major+ship+appraisal+firm+based+in+Tokyo%2C+Hengli+Heavy+Industry%2C+Hantong+Ship+Heavy+Industry%2C+New+Dayang+Shipbuilding%2C+Nantong+Xiangyu+Shipbuilding+and+Offshore+Engineering%2C+and+Wuhu+Shipyard+have+secured+lot+orders+for+Kamsarmax+vessels+so+far+this+year.+%3Cbr%3E%E3%80%80The+ship+prices%2C+compiled+by+Clarksons+in+the+UK+and+believed+to+be+based+on+Chinese-built+vessels%2C+stood+at+%2435+million+for+a+63-type+Ultramax+and+%2438+million+for+an+83-type+Kamsarmax+as+of+June%2C+about+10%25+lower+than+prices+for+Japanese-built+ships%2C+suggesting+that+%E2%80%9Cat+Chinese+ship+prices%2C+Kamsarmaxes+are+relatively+easy+to+order%2C%E2%80%9C+as+a+shipowner+source+put+it.+%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%8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