Hong Kong-listed shipping company Seacon Shipping, a joint venture partner of COSCO Shipping Holdings, has made another major investment, placing a $38.34 million order for a 63,300 DWT Ultramax bulk carrier at Tsuneishi Zhoushan Shipyard. The vessel is scheduled for delivery in April 2027.

The new ship will feature enhanced fuel efficiency and operational systems, meeting the latest international environmental regulations such as EEDI and CII. This move aligns with Seacon's ongoing strategy to modernize its fleet through youth, sustainability, and operational efficiency. The company stated the investment is aimed at gradually replacing older vessels, thereby boosting competitiveness and sustainable operations.

Tsuneishi Zhoushan Shipyard is a Chinese-Japanese joint venture controlled by Japan’s Tsuneishi Shipbuilding, with a 34% stake also held by Yangzijiang Shipbuilding. It has a solid track record in building mid- to large-size bulk carriers. Seacon has previously ordered Kamsarmax and Handysize vessels at this shipyard in 2021 and 2023, demonstrating confidence in its technical stability and build quality.

Currently, Seacon operates a fleet of over 25 bulk carriers and manages a diversified orderbook of nearly 40 vessels through ownership, time charter, and joint ventures. Its portfolio spans major ship types including Kamsarmax, Ultramax, and Handysize.

This latest order reflects both Seacon’s optimism in the medium-to-long-term bulk market and its proactive approach to energy-efficient vessel upgrades under the global “dual carbon” goals. In an era of accelerating green transition in the maritime sector, Seacon's strategic move is clearly in step with the times.