On July 13, Taiwan-based shipowner Wisdom Marine announced via its official website that, due to a failure to reach a consensus among the parties involved, it has decided to terminate the deal to order two 39,000 DWT bulk carriers from Japan’s Naikai Zosen.
Wisdom Marine emphasized that it had not yet signed a formal shipbuilding contract with Naikai Zosen for the two vessels, nor had it made any payments; consequently, the cancellation of the order will not have a material impact on the company’s financial position or business operations.
Previously, Wisdom Marine had announced plans to order the two 39,000 DWT bulk carriers from Naikai Zosen, with a price cap of US$35.375 million per vessel and a total cost not exceeding US$70.75 million; industry estimates at the time had projected delivery for 2028.
According to its website, Wisdom Marine is the largest dry bulk shipowner in Taiwan, currently owning a fleet of 139 vessels (including those under construction). Its core business involves the acquisition, ownership, management, and operation of dry bulk carriers, with a strategic focus on the Handysize segment.
The company currently employs over 2,300 crew members and more than 160 shore-based staff, who handle the commercial and technical management of 117 owned vessels and nine vessels under management only.
Regarding newbuilds, Wisdom Marine currently holds orders for 10 new vessels: eight are being built by Japanese shipyards—specifically six 40,000 DWT bulk carriers at Saiki Shipbuilding and two 40,000 DWT class bulk carriers at Onomichi Dockyard—while two 82,000 DWT class bulk carriers are being built by Zhoushan Tsuneishi Shipbuilding. These new vessels are scheduled for delivery between 2026 and 2028.