Pacific Basin has also increased its orders for 40,000 DWT Handysize ships to be built by Jiangmen Nanyang Ship Engineering (JNS) in China from four to six newbuildings on the same terms as the order announced in December 2025.
These shipbuilding contracts entail a total consideration of $59.6 million ($29.8 million each) and are expected to be delivered in the second half of 2028. The vessels will share the same fuel-efficient, open-hatch, and logs-fitted design as the four previously ordered Handysize newbuildings.
