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Erasmus firms up all eight kamsarmax newbuilds at New Hantong
Jiangsu New Hantong Ship Heavy Industry Athens-based Erasmus Shipinvest Group has firmed up four additional kamsarmax bulk carriers at China’s Jiangsu New Hantong Ship Heavy Industry, taking its newbuilding programme at the yard to eight vessels.
Dr.G.R.Balakrishnan Jun 20 2026 Shipping News (Ship Building & Ship Yards)

Erasmus firms up all eight kamsarmax newbuilds at New Hantong

The move confirms all options attached to the original order placed earlier this year and lifts the value of the programme to nearly $300m.

The John Su-led owner had initially contracted four firm 82,000 dwt units at the Chinese yard, marking a departure from its traditional preference for Japanese shipbuilders. Four options were secured as part of the deal and have now been declared.      Shipbuilding sources place the original contract price at around $37m per vessel, implying a total investment of roughly $296m for the eight ships. Deliveries are expected to begin in 2028.      Founded in 2010, Erasmus has steadily broadened its activities beyond dry bulk shipping in recent years. The company has built exposure across multiple shipping sectors, including multipurpose vessels, feeder containerships, LPG carriers and tankers.      The company’s most recent newbuilding activity has included a series of feeder containership orders ranging from 1,800 teu to 2,400 teu at Chinese shipyards, as the owner continues to diversify its fleet portfolio.