Taiwan Cement's shipping subsidiary orders bulk carriers

Taiwan Cement has announced that its shipping subsidiary, Ta-ho Maritime, has placed an order at Japanese yard Sumitomo Heavy Industries for three 84,200dwt kamsarmax bulk carriers.

The shipbuilding contract comprises a firm order for two ships at US$35m each and option for an additional ship. The company will decide on the execution of the option before 30 September 2019.

The new ships will be used to transport coal for Taiwan Cement and chartering operations.

Ta-ho Maritime currently owns a fleet of nine ships, made up of five cement carriers and four kamsarmax bulkers, and it has another 81,300dwt bulker under construction at Oshima Shipbuilding.