Turkish bulk carrier owner GSD Marin has returned to Japan to order Ultramax bulk carriers.
According to foreign media reports, GSD Marin has signed a contract with Nihon Shipyard to build two 64,000-dwt bulk carriers, with delivery expected in 2029. Nihon Shipyard is a joint venture between Imabari Shipbuilding and Japan Marine United (JMU) .
The latest shipbuilding agreement was finalized earlier this month by GSD Holding’s Maltese subsidiary Cano Maritime, according to an announcement from GSD Holding, the parent company of GSD Marin. A Japanese trading company served as the guarantor for this order, with the construction cost of the new vessels yet to be disclosed.
Currently, GSD Marin is responsible for the operational management of the shipping fleet under GSD Holding Group. The existing fleet comprises nine bulk carriers, including Handymax and Ultramax vessels.