Seacon Shipping Expands Fleet with Investment in Newbuilds

Hong Kong-listed Seacon Shipping has announced plans to expand its fleet through a $63.9 million investment in six new multipurpose dry cargo ships.

The Qingdao-based company has secured 5,200 dwt vessels from Jiangsu Dajin Heavy Industry for $10.65 million each, initially ordered by Union Marine, owned by Chen Yuetao. These new vessels are expected to be delivered between March 2026 and 2027, according to a recent filing.

Seacon is also reportedly involved in a joint venture with Huanghai Shipbuilding, aiming to add more tanker newbuilds with 50,000 dwt capacity, set to be delivered under a bareboat charter arrangement.

Additionally, Seacon announced the sale of the 2019-built ultramax Seacon Fuzhou to JIC Financial Leasing for approximately $31.8 million. The proceeds from this sale will support future acquisitions and provide general working capital, as stated by the company.