Japan: JMU Clinches Capesize Deal

JMU Clinches Capesize Deal

Knightsbridge Tankers Limited (Knightsbridge) has concluded two newbuilding contracts for 182,000 dwt Capesize bulk carriers with Japan Marine United Corporation (JMU) in Japan.

The design provided by JMU represents the next generation Capesize bulk carriers with the latest technology available in order to secure fuel efficiency.

The Board is of the opinion that it has obtained favorable terms, attractive pricing and considers risk / reward as attractive from a historical perspective. The Board also believes that after a period of oversupply but still with solid demand growth, utilization of the dry bulk fleet is expected to improve at the time of delivery of the newbuildings.

Principal dimensions :

Dead-weight capacity: 182,000t (approx.)

length approx. 292m

beam approx. 45m

depth approx. 24.55m

The vessels are expected to be delivered during 2015.


Press Release, March 20, 2013