Reportage on Japanese Shipowners (Part 25) 　第25回ルポルタージュ・日本船主

What Is the Exit Strategy for a Newly Built Kamsarmax Priced at US$39 Million?

「新造カムサマックス、3900万ドルの出口戦略とは」

Late on the night of 28 May.

A phone call came into Tokyo from a trading company executive stationed in Europe.

“A Japanese shipyard has offered a newbuilding Kamsarmax at a price of US$39 million, and negotiations are under way with a Japanese shipowner. Delivery is scheduled for 2030. In the international market, including Chinese-built vessels, a benchmark range of around US$35 million to US$38 million is often cited. By Japanese shipbuilding standards, this is a high level. There are any number of reasons, including rising material costs and labour expenses, but one cannot help wondering whether a Japanese shipowner will be able to recover the capital cost after the expiry of the charter contract with the operator.”

■The full article covers the following topics (approximately 3,000 words)

→ How shipowners and finance professionals assess the pricing level of a newbuilding Kamsarmax scheduled for delivery in 2030 at US$39 million

→ Is the claim that “BBC no longer works” really true? Exploring the strengths that Japanese shipowners continue to retain through higher-value vessels

→ The ideal of “ordering vessels at regular intervals and in fixed quantities” described by major shipowners, and the practical challenges faced by mid-sized shipowners

→ What shipowners and financial institutions place importance on when considering an “exit strategy” after the expiration of a charter contract

→ Examining the new shipmanagement concerns facing smaller shipowners in an era of soaring vessel prices and labour shortages

(The remainder of the article can be read in the full text, published in both English and Japanese. The Japanese version follows the English article.)

第25回ルポルタージュ・日本船主

「新造カムサマックス、3900万ドルの出口戦略とは」

　5月28日深夜。

　欧州に駐在する商社関係者から一本の電話が東京に入った。

　「ある日本造船所からカムサマックスの新造船価格を3900万ドルで提示され、日本船主と交渉している。竣工は2030年。中国建造船を含む国際市場では3500万～3800万ドル程度が一つの目安とされる中、日本建造船としては高い水準だ。資材費や人件費の高騰など理由はいくらでもあるが、この価格で日本船主がオペレーターとの用船契約終了後に資本費を回収できるのか心配になる」

■記事本文では以下の内容を読むことができます（記事全文約3,000文字）

→2030年竣工の新造カムサマックス3900万ドル、その価格水準を船主や金融関係者はどう見ているのか

→「BBCはもう通用しない」は本当か。高付加価値船で残る日本船主の強みを探る

→大手船主が語る「定時定量発注」の理想と、中規模船主が抱える現実的な課題

→用船契約終了後の“出口戦略”を巡り、船主と金融機関は何を重視しているのか

→船価高騰と人材不足の時代、小規模船主が直面する船舶管理の新たな悩みに迫る

（続きは英語と日本語で書かれた本文でお読みください。日本語の記事は英文記事に続いて掲載されています）