Rihua yard delivers first newbuilding

Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is to be chartered out to NYK Global Bulk Corp., a subsidiary of Japan’s Nippon Yusen Kaisha (NYK) group.

Rihua had been engaged in the construction of hull blocks for newbuildings and it built the Western Wave using a slipway of Yahua Shipbuilding, the Chinese partner in the joint venture. Rihua Shipbuilding was set up in 2006 by Osaka-based Nakanishi Kikai Kogyosho (machinery works) and Yahua of Nantong.