<p>Kumiai Navigation is expanding its dry bulk fleet with an ultramax newbuilding order in China. The Singapore-based subsidiary of Japan’s Kumiai Senpaku has contracted one 64,000 dwt unit at Nantong COSCO KHI Ship Engineering (NACKS) for around $35m. The subsidiary of COSCO Shipping Heavy Industry is expected to deliver the vessel in the second quarter &#8230;</p> </p><p><p>https://splash247.com/kumiai-navigation-orders-ultramax-at-nacks/</p></p>