Wed Sep 10 16:30:00 UTC 2025: Okay, here’s a summary and a news article based on the provided Turkish text:

**Summary:**

Turkish dry bulk shipping company GSD Marin has ordered another ultramax vessel from Japan’s Nihon Shipyard, with delivery slated for 2029. This follows a previous order from the same shipyard, a joint venture between Imabari Shipbuilding and Japan Marine United, with delivery scheduled for 2028. The deal, handled by GSD’s Malta-based subsidiary Cano Maritime and guaranteed by a Japanese trading company, doesn’t disclose the order value. GSD Marin, a subsidiary of GSD Holding listed on the Istanbul Stock Exchange, manages a fleet of nine handy and ultramax bulk carriers.

**News Article:**

**GSD Marin Expands Fleet with New Ultramax Order from Japan**

**ISTANBUL, TURKEY** – Turkish dry bulk shipping company GSD Marin has placed a new order for a 64,000 dwt ultramax vessel with Japan’s Nihon Shipyard, signaling continued investment in its fleet. The delivery is expected in 2029.

The order follows a previous agreement with Nihon Shipyard, a joint venture between leading Japanese shipbuilders Imabari Shipbuilding and Japan Marine United, for a similar vessel slated for delivery in 2028.

GSD Marin, a subsidiary of GSD Holding which is listed on the Istanbul Stock Exchange (BIST), confirmed the new deal. The agreement was finalized earlier this month through GSD’s Malta-based subsidiary, Cano Maritime, with a guarantee provided by a Japanese trading company. While the financial details of the order remain undisclosed, the move underscores GSD Marin’s commitment to expanding its presence in the dry bulk market.

GSD Marin currently manages and operates a fleet of nine dry bulk vessels in the handy and ultramax segments. The new addition will further strengthen the company’s capacity and ability to serve its global customer base. The company sees the demand in dry bulk shipping expanding which will allow the company to expand.

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