Tsuneishi Zhoushan Shipbuilding is constructing a large series of post-panamax bulkers to an upgraded in-house design and has also emerged as equity partner with a low-key Shanghai shipowner in an order for four of the ships.

The four 99,000-dwt "Tess 99" bulkers, an optimised version of the yard's Tess 98 model, are set to be delivered in 2019 and 2020 to an affiliate of Shanghai-based Safargo Shipping with equity participation by the shipbuilder.