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Itochu returns to New Dayang for fresh ultramax pair

Japan’s Itochu Corp has returned to China’s New Dayang Shipyard with an order for two more ultramax bulk carriers.

The trading house has booked two 64,500 dwt vessels at the Jiangsu yard, part of the state-run Sumec Group, although the price and delivery dates have not been disclosed.

The deal lifts Itochu’s ultramax orderbook at New Dayang to four, following its order for a pair of ships in April 2024 for handover in 2026 and 2027.

Itochu is the latest Japanese owner to add to its tally at New Dayang. Earlier this year, Kasuga Shipping returned for a second round of orders, bringing its ultramax series at the yard to five. Kasuga became the shipyard’s first Japanese client with a three-ship deal in early 2024, paying about $34m apiece for 2026 delivery.



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