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Fredriksen Doubles Down on Newcastlemaxes with Four More Chinese Newbuilds at Dajin Heavy Industry
John Fredriksen-backed Seatankers Management has exercised options for four additional newcastlemax bulk carriers at emerging Chinese shipbuilder Dajin Heavy Industry, bringing its orderbook to eight 210,000 dwt vessels. Brokers estimate the total programme value at nearly $600 million, with deliveries scheduled between 2028 and 2029. The move is part of a broader surge in newcastlemax contracting linked to expectations surrounding Guinea's Simandou iron ore project.
Jun 15, 2026 1 source