Indonesia’s Jhonlin Marine quietly builds ultramax fleet with Japanese tonnage

Jhonlin Marine Trans, the shipping arm of Indonesia’s sprawling Jhonlin Group, has quietly assembled an impressive trio of Japanese-built ultramax bulk carriers, signalling a growing ambition in the dry bulk sector from one of the country’s most powerful conglomerates. The company’s fleet now includes three reflagged ultramaxes — Jhonlin 001 (built 2012), Jhonlin 002 (2018), …