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An update from Uni-Asia Group Ltd. ( (SG:CHJ) ) is now available.
Uni-Asia Group Limited has signed an agreement with Nihon Shipyard Co., Ltd and its affiliate to acquire a 40,000-deadweight-tonne double hull bulk carrier to be built by Imabari Shipbuilding at Shimanami Shipyard. The vessel, scheduled for delivery in the second half of 2028, will feature an eco-type engine and a dual-fuel-ready design, allowing future retrofitting for eco-fuel systems.
The transaction is part of Uni-Asia’s broader fleet renewal strategy, aimed at modernising its bulk carrier portfolio and improving environmental performance relative to its existing ships. Pricing was agreed on an arm’s-length basis and is consistent with historical newbuilding prices for similar-sized vessels, with funding expected to come from a mix of internal resources, external debt and other financing arrangements yet to be finalised.
More about Uni-Asia Group Ltd.
Uni-Asia Group Limited is a Singapore-incorporated company that operates in the maritime sector, focusing on owning and managing bulk carriers. The group maintains a fleet of dry bulk vessels and pursues fleet renewal and expansion to enhance operational efficiency and align with evolving environmental standards in global shipping markets.
Average Trading Volume: 38,427
Technical Sentiment Signal: Buy
Current Market Cap: S$69.95M
For detailed information about CHJ stock, go to TipRanks’ Stock Analysis page.