Japan's Sakura Ocean Places First Orders for Three Bulk Carriers

en.Wedoany.com Reported - Japanese shipowner Sakura Ocean Corporation recently signed contracts for its first three bulk carriers since its establishment, officially launching its fleet development plan. The company was founded in January of this year, less than six months ago.

The signing ceremony was held in Tokyo. The three bulk carriers will be built by three major Japanese shipyards: Imabari Shipbuilding will construct one 40,000 DWT bulk carrier, Onomichi Dockyard will build another 40,000 DWT bulk carrier, and Tsuneishi Shipbuilding will build a 42,000 DWT bulk carrier.

All three new vessels are scheduled for delivery by 2030 and will be chartered to Japanese domestic shipping companies under long-term charter agreements.

Sakura Ocean was jointly established by ORIX's ship trading subsidiary SOMEC Corporation, Shoei Kisen Kaisha, Onomichi Dockyard, and Kambara Kisen through a capital and business alliance. The joint venture aims to develop and own vessels serving the Japanese domestic shipping market while supporting the renewal of Japan's merchant fleet.

Upon its establishment, the partners stated that the company will integrate the ship management and operational experience of Japanese shipping companies with the financing, trading, and shipbuilding capabilities of the founding shareholders. The first three vessels represent the initial projects of the Sakura Ocean platform, marking the launch of the long-term fleet development strategy envisioned by the partners. The company stated that these vessels will contribute to the stable supply of maritime transport services in Japan while supporting the sustainable development of the country's shipping industry.

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