Kumiai inks VLGC at Kawasaki ahead of IMO Tier III deadline

November 26, 2015 18:00 GMT
Irene Ang

Kumiai inks VLGC at Kawasaki ahead of IMO Tier III deadline

Singapore’s Kumiai Navigation has returned to Kawasaki Heavy Industries (KHI) for a very large carrier (VLGC).

A Kumiai official confirms the order for a 82,200-cbm vessel for delivery in January 2019. No price for the newbuilding, which is described as a replacement vessel, has been disclosed.

According to London broker Clarksons Platou, the company currently has three Kawasaki-built VLGCs on the water — the 79,300-cbm Ocean Orchid (built 2001), 80,100-cbm Crystal Marine (built 2003) and 82,300-cbm Crystal Sunrise (built-2013).

Kumiai adds that it has ordered the newbuilding to beat the year-end deadline for nitrogen oxides (NOx) Tier III-compliant engines and the revision of the International Gas Code (IGC), which will lead to reduction of cargo capacity due to the widening of space between cargo tanks and the ship’s hull.

Kumiai’s latest contract is its second for a VLGC at KHI. The earlier newbuilding was inked last year and is due to roll out of drydock in the second quarter of 2017. It has been fixed to Japanese gas import and wholesale company Gyxis on undisclosed terms.

Kumiai also has one supramax two newcastlemax bulkers under construction at Oshima Shipbuilding and Sino-Japanese yard Nantong Cosco KHI Ship Engineering Co (Nacks), respectively. It takes delivery of the pair of 205,000-dwt vessels in 2017 and the 60,000-dwt unit next year. The supramax is already fixed out to a European operator for seven years.

Kumiai is a subsidiary of Japan’s Kumiai Senpaku. It was set up in Singapore in 1995 and today boasts a fleet of 19 ships, including newbuildings, totalling more than 1.5 million dwt.