Schulte Marine Concept (SMC) held a steel cutting ceremony for a 12,500 dwt multipurpose vessel at Taizhou Sanfu Shipyard, China.

This is the first in a series of four vessels ordered by German transportation and logistics company Krey Schiffahrts and German maritime transportation firm Auerbach Schifffahrt.

The vessel will be classed by DNV and sail under the Portuguese flag, with delivery scheduled for June 30, 2025.