JMU delivers bulk carrier for China Steel

 

Tokyo - Japanese shipbuilder Japan Marine United (JMU) yesterday delivered a 209,000t bulk carrier to transport iron ore and coal for Taiwanese steelmaker China Steel.

Tokyo - Japanese shipbuilder Japan Marine United (JMU) yesterday delivered a 209,000t bulk carrier to transport iron ore and coal for Taiwanese steelmaker China Steel. China Steel’s logistics subsidiary CSE Transport will own and operate the China Steel Endeavour, a G-series vessel succeeding 205,000t Capesize bulk carriers deployed for iron ore and coal transport across the Pacific. The next generation vessel emits 25pc less greenhouse gas emissions compared with the previous vessel class by improving fuel efficiency and reducing drag, JMU said.

JMU was set up last year with the merger of Japanese shipbuilders Universal Shipbuilding and IHI Marine United. Japan’s shipbuilding industry has seen considerable consolidation during the past few years, aiming to improve efficiency and competitiveness in the face of growing shipbuilding demand for LNG transport and new fleets. JMU is now owned 45.93pc each by Japanese steelmaker JFE Holdings and engineering firm IHI, with the rest held by shipbuilder Hitachi Zosen. JMU has commissioned three bulk carriers for China Steel, including two Capesize vessels, the China Steel Challenge and China Steel Sustainability.

China Steel last year placed orders with JMU to refresh its fleet for an additional two 209,000t bulk carriers and two 12,000t steel carriers for delivery starting in the second half of 2015. It has also ordered the construction of two Capesize bulk carriers to Japanese shipbuilder Mitsubishi Heavy Industries for delivery in the second half of 2014 and first-half 2015.