Chinese bulk carrier operator Fujian Guohang Ocean Shipping has confirmed an expansion of its kamsarmax series at Wuhu Shipyard, exercising options for two more vessels and raising its total order at the yard to 10 ships.
The Beijing Stock Exchange-listed firm originally signed a contract in 2023 for up to 10 methanol-ready bulk carriers. That agreement included four firm orders with deliveries scheduled for 2025 and 2026, and six optional units. Four of those options were activated in 2024 at an estimated cost of $37 million each.
Now, the latest order for two additional 89,000 DWT kamsarmaxes brings the full option package into play. These final ships will be outfitted with methanol dual-fuel engines and are priced at approximately $43.3 million each, reflecting the upgraded fuel capability and changing market conditions. Deliveries are expected in 2027.
Beyond the Wuhu series, Fujian Guohang is pursuing fleet growth through additional ultramax and panamax vessels under construction at Jiangsu Haitong Offshore Engineering Equipment. The company’s current active fleet includes more than 10 bulkers, spanning from handysize to kamsarmax categories.
This strategic move reinforces Fujian Guohang’s commitment to modernizing its fleet with eco-friendly, future-fuel-ready tonnage, aligning with global decarbonization goals in the shipping industry.