NASCO returns to China Merchants yard for ultramax brace

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Nanjing Ocean Shipping Co (NASCO) has ordered two 63,500 dwt ultramax bulk carriers from China Merchants Jinling Shipyard in Nanjing, with delivery scheduled for 2027. The deal represents a continued fleet expansion effort by NASCO and an ongoing commercial relationship with the Chinese shipyard. Financial terms were not disclosed.

Chinese bulker owner Nanjing Ocean Shipping Co (NASCO) has signed a contract for two ultramax bulk carriers at China Merchants Jinling Shipyard (Nanjing) as it continues to expand its fleet. The 63,500 dwt newbuilds are scheduled for delivery in 2027. Financial terms have not been disclosed. The order marks another round of business between the …