Turkey’s GSD Marin returns to Japan for fresh ultramax order

Turkish bulker owner GSD Marin has returned to Japan for another ultramax order, signing a deal with Nihon Shipyard for a 64,000 dwt newbuild due in 2029. The Istanbul-listed subsidiary of GSD Holding already has a similar ship on order at the same yard, a joint venture between Imabari Shipbuilding and Japan Marine United, set …