Tata NYK Shipping, a joint venture (JV) between NYK Line and Indian steel group Tata, has ordered three new dry bulk cargo carriers from Japanese shipyards.

The supramax vessels will be built at Tsuneishi and Oshima shipyards and are scheduled to be delivered in 2012 and 2013.

The JV wants its own vessels to ship at least half of Tata’s expected cargoes of 6Mt of raw materials and finished products over the next few years.

The company has not disclosed the value of the order; however, according to Norwegian ship-broking and investment bank RS Platou, supramax vessels cost around $33-34m at Japanese yards.

Currently, NYK Tata operates a fleet of 16 ships and owns two vessels.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.