In 1981, the TESS history began with a new building contract for 40,000 tons class bulk carrier with a Norwegian owner UGLAND, an old partner who had commissioned Tsuneishi to build many ships At that time, handy bulk carriers were max. 36,000 DWT. Prior to starting the design of TESS40, we questioned many Japanese ship owners on handy bulk carriers. As expected, many of them said "40 thousand is too large." However, our then president decided to go with the size. The consequence was that the first TESS40 ship, GLENEAGLES, delivered in 1984, for UGLAND, also as a technical consultant of the building project, won a reputation among ship owners in Japan and foreign countries as well, for the higher cost-performance. Even during 1985 to 1988 when the market of handy bulk carriers touched bottom, the demand for TESS continued. After 1989 when the market of dry bulk carriers started to recover, building contracts for TESS ships increased quickly. Around 1990 when TESS was in high repute also among ship operators, TESS had already obtained a higher position in the market. However, Tsuneishi didn't quite making efforts to improve the performance. TESS45 born in 1994 With a very minor modification only in principal dimensions from TESS40, the deadweight capacity was increased by 3,000 tons. TESS45 having an additional capacity of 3,000 tons while maintaining the same fuel consumption and cruising speed as TESS40 was a great hit. It seemed that the appearance of TESS45 contributed to the favor toward larger handy bulk carriers. In response to the needs for larger handy bulk carriers, we developed TESS52 having a larger body but with the main concept of TESS remained unchanged. Note that TESS45 and 52 are better than TESS40 with respect to the onboard equipment as a result of positive use of higher performance equipment, including those made by foreign manufacturers, that could be purchased at lower cost due to the then yen's appreciation.TESS45 and 52 could therefore have a higher competitive power among others in the same class in the world market. We are starting to build TESS ships at Tsuneishi Heavy Induotry (CEBU) Shipyard. A higher grade version, EURO TESS, has been included in our TESS lineups. Our efforts to improve the performance of our TESS will continue until the delivery of 200th and then 300th TESS ship. We know that keeping abreast of the market of handy bulk carriers is an important point for success in achieving this goal.