Orix’s first bulker order since Santoku Senpaku joined the group

Japanese finance and trading house Orix Corp has placed an order for bulk carriers through its consolidated subsidiary Santoku Senpaku. The latest ships will be the first ships ordered by Orix and Santoku Senpaku since Santoku Senpaku joined Orix group.

The order has been given to builders Tsuneishi and Oshima for two methanol dual fuel kamsarmax bulkers and one unspecified bulk carrier, respectively.

The kamsarmax ship will be built at Tsuneishi Group (Zhoushan) Shipbuilding and Oshima Shipbuilding’s bulk carrier will be built at its Koyagi Shipyard.

As informed, this is the first time that Orix Group has ordered methanol-fueled ships.

The newly ordered kamsarmax is a methanol-fueled bulk carrier and a dual fuel vessel that can also use heavy oil.

Tsuneishi’s newbuilds will emit approximately 15% less CO2, the company said, and reduce emissions of sulfur oxides, an air pollutant, by approximately 95% compared to the yard’s conventional ships.

“Orix and Santoku Senpaku aim to expand their asset management services for ships owned by third parties and contribute to the decarbonization of the entire maritime industry, by acquiring expertise on the operation management of environmentally friendly ships, including methanol-fueled ships,” reads Orix statement.

The company didn’t disclose any financial details regarding the order.

Orix acquired all issued shares of Santoku Senpaku in February 2024.

Santoku Senpaku currently owns 67 ships of various types, including bulk carriers, car carriers and container vessels and leases its fleet to leading Japanese and overseas natural resources companies and grain companies.