Jaldhi Overseas has turned to China for bulker newbuildings to fuel its expansion and fleet-renewal plans.
Shipbuilding sources said the Singapore-based shipping company has struck a deal with Jiangsu Yangzi-Mitsui Shipbuilding — a joint venture yard between Yangzijiang Shipbuilding and Japan’s Mitsui Engineering & Shipbuilding — for four ultramaxes.
Jaldhi president and CEO Suresh Kumar confirmed the order, saying the ships would form part of the company’s fleet-renewal and expansion plans.
