Kumiai Senpaku plans to cut fleet by offloading its bulkers

Japan’s Kumiai Senpaku's fleet will increase to 19 ships on delivery of its latest and final newbuilding — an LPG carrier.

The company is preparing to sell some of its stable of vessels.

“This will be the last newbuilding to join KS [Kumiai Senpaku],” said company president Nobutaka Mukae, referring to the 38,000-cbm fully refrigerated gas carrier Hourai Maru. “We are planning to scale down our fleet.”