Wedoany.com Report-Dec.27, Kuang Ming Shipping, the dry bulk subsidiary of Taiwanese liner group Yang Ming Marine Transport, has placed orders for four ultramax bulk carriers at Japanese shipyards. The contracts were disclosed through a stock exchange filing on December 26, 2025.

The total value of the orders ranges between NT$4.9 billion and NT$5.4 billion, equivalent to approximately $155 million to $171 million. This investment reflects confidence in sustained demand for dry bulk transportation over the longer term.

The order includes two ultramax vessels to be constructed at Nihon Shipyard and Imabari Shipbuilding, with each priced between NT$1.2 billion and NT$1.4 billion. The remaining two ultramax carriers have been booked at Oshima Shipbuilding in collaboration with Sumisho Marine, at comparable price levels. Specific delivery schedules were not provided in the announcement.

Kuang Ming Shipping currently maintains a fleet of 11 bulk carriers. This comprises 10 owned vessels, which span ultramax to kamsarmax sizes, and one long-term chartered capesize unit. The addition of these newbuilds will support fleet modernization and operational capabilities.

Established in 1990, Kuang Ming Shipping originally served as a booking agent to facilitate Yang Ming’s container shipping activities. The company expanded into dry bulk operations in 2008 to diversify the group's business activities.

This newbuilding program represents Kuang Ming’s first return to ordering new vessels in nearly a decade. The previous series involved four ultramaxes contracted at Iwagi Zosen between 2014 and 2015, with deliveries occurring from 2016 to 2018.

The decision to place these orders at established Japanese yards highlights a focus on high-quality construction and reliable performance. Ultramax bulk carriers offer versatility in handling various dry cargoes, contributing to efficient global trade logistics.

By proceeding with this acquisition, Kuang Ming Shipping aims to enhance its position in the dry bulk market. The move aligns with broader efforts to maintain a competitive and adaptable fleet amid evolving industry requirements.

Overall, the placement of these four ultramax vessels marks a significant step in strengthening Kuang Ming’s capabilities and supporting Yang Ming’s diversification strategy in maritime transportation.