The deal comes as Zhejiang Shipping continues to broaden its fleet structure. While 50,000–64,000-dwt bulkers remain central to its flexible dry bulk operations, the Chinese state-owned shipping group has also expanded into Panamax, Capesize and Newcastlemax tonnage, while building a presence in the MR product and chemical tanker market.

By the end of 2025, Zhejiang Shipping controlled 51 vessels totalling around 3.4 million dwt, including 18 owned ships and 33 vessels under operating leases. Its network now covers China’s coastal trades as well as major routes across Southeast Asia, the Middle East, Oceania, Africa, Europe and the Americas.
For SUMEC Marine, the latest contracts add further momentum to its strong 2026 order intake.

Its Crown 63 series has now recorded more than 160 deliveries, with production scheduled through 2030. SUMEC Marine secured 20 newbuilding orders in the first quarter of 2026, while its total orderbook had risen to 105 vessels by the end of June.

Beyond its traditional Ultramax strength, New Dayang is also expanding into Kamsarmax bulkers, feeder containerships, MR tankers and open-hatch multi-purpose vessels.
The latest agreement highlights two parallel trends in China’s maritime sector: Zhejiang Shipping is accelerating fleet renewal and diversification, while SUMEC New Dayang is evolving from a leading medium-sized bulker builder into a broader commercial shipbuilding platform.