Uni-Asia Group Orders New Handysize Bulker in Japan
Singapore-listed bulker specialist Uni-Asia Group has made a significant move by ordering a new handysize bulk carrier, marking its first newbuilding contract in over ten years. The company has entered into an agreement with Nihon Shipyard for the construction of a 40,000 deadweight tonnage (dwt) vessel, which is scheduled for delivery in the latter half of 2028. This strategic decision underscores Uni-Asia’s commitment to modernizing its fleet and enhancing its competitive edge in the dry bulk market.
The new vessel will be constructed at Imabari Shipbuilding’s Shimanami yard and will be dual-fuel ready, aligning with the industry’s shift towards more environmentally friendly shipping solutions. Although financial specifics of the contract have not been disclosed, the order is a clear indication of Uni-Asia’s focus on improving the environmental performance of its fleet. The company aims to ensure that its tonnage remains competitive, reflecting a proactive approach to fleet management.
Fleet Renewal Strategy and Market Position
Uni-Asia Group, which has been listed on the main board of the Singapore Exchange since 2007, operates a fleet of approximately ten Japanese-built bulk carriers, ranging from handysize to supramax vessels. The recent order is part of a broader strategy to renew its fleet, as the company seeks to adapt to changing market conditions and technological advancements in the shipping industry.
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