Jinhui Shipping Extends Ultramax Newbuilding Push with Fresh Order at New Dayang

## Jinhui Shipping Extends Ultramax Newbuilding Push with Fresh Order at New Dayang Oslo-listed, Hong Kong-based Jinhui Shipping and Transportation is pressing ahead with its ultramax newbuilding programme, contracting a further two bulk carriers at China's New Dayang Shipbuilding, according to Splash247. The latest pair of 64,100 dwt vessels has been placed with the Sumec Marine-controlled yard, adding to what has become a notable ordering spree for the owner in the ultramax segment. The combined contract value and scheduled delivery dates were not immediately disclosed in the initial report. ### Ultramax Segment Remains in Demand The ultramax bulk carrier — typically defined as a vessel in the 60,000–65,000 dwt range — has become one of the most sought-after vessel types in the dry bulk market in recent years. Its versatility across a wide range of bulk commodities and its ability to call at a broader range of ports compared with larger supramax or panamax vessels makes it a commercially attractive asset for owners and charterers alike. Jinhui's continued commitment to the segment reflects broader industry confidence in the medium-term outlook for dry bulk shipping, even as market participants navigate near-term freight rate volatility and macroeconomic uncertainty. ### A Pattern of Expansion This latest order is consistent with a pattern of fleet renewal and growth that Jinhui has pursued through the newbuilding market. By returning to New Dayang Shipbuilding — a yard under the control of Sumec Marine — the company is reinforcing an established shipbuilding relationship, a common strategy among owners seeking consistency in vessel specification and delivery performance. For Chinese shipyards, orders of this nature represent continued strong demand from international owners, supporting orderbook levels at a time when yards are competing actively for tonnage contracts. The move will be closely watched by dry bulk market analysts and competitors as an indicator of owner sentiment toward fleet investment in the current cycle. *Source: Splash247*