Tomini Shipping places order for three Kamsarmaxes

Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience.

The vessels are scheduled for delivery from the second half of 2019 onwards and follow the company’s order earlier this year for three newbuilding bulk carriers from another prominent Chinese shipyard. This latest deal underlines Tomini Shipping’s comprehensive fleet renewal strategy with the latest in quality, energy-saving, and fuel-efficient designs. The order will take Tomini’s fleet to over 18 vessels.

“We decided to move into the Kamsarmax dry bulk sector and take advantage of the historically low asset price levels; we believe that this sector is on its way to a sustainable recovery by 2019/2020.   We are delighted to be collaborating with our partners at Taizhou Kouan, in this exciting new venture for Tomini Shipping” said Imtiaz Shaikh, Chairman of Tomini Group.

Tomini Shipping is the shipping subsidiary of Tomini Group, a diversified international business group. The Group’s other transportation interests include classic cars and plant machinery.