Yang Ming’s dry bulk arm lines up ultramax quartet at Japanese yards

Taiwanese liner group Yang Ming has returned to the newbuilding market through its bulk shipping arm Kuang Ming Shipping, placing orders for four ultramax bulk carriers in Japan. According to a stock exchange filing, the contracts carry a combined value of between NT$4.9bn and NT$5.4bn (about $155m–$171m), signalling longer-term confidence in dry bulk demand. The …