Oshima to Build Another Ultramax Pair for Taiwan Navigation

zoomIllustration; Image Courtesy: Taiwan Navigation In an effort to expand its dry bulk fleet, Taiwan Navigation Company (TNC) has ordered two 62,000 dwt Ultramax bulk carriers from Japanese shipbuilder Oshima Shipbuilding.  Under the terms of the contract signed between the two parties on September 19, TNC will pay USD 25.5 million per unit. As informed, the deal was inked on behalf of TNCs wholly owned subsidiary, Tai Shing Maritime. The company has not disclosed the delivery date of the bulkers. This is the second order TNC placed this year. In May, the company also ordered two Ultramax bulk carriers at the same shipyard. The ships are scheduled for delivery in October and November 2018. Currently, TNC operates a fleet of 37 vessels totaling 1.6 million dwt tons, the companys data shows. World Maritime News Staff