Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029.

The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a joint venture between Imabari Shipbuilding and Japan Marine United, set to deliver in 2028.

The latest purchase agreement was finalised earlier this month between GSD’s Malta-based arm Cano Maritime, with Japanese trading house acting as guarantor, the company said in a filing without disclosing the value of the order.

GSD Marin manages and operates the group’s shipping fleet, currently standing at nine bulkers in the handy and ultramax segments.