Ultrabulk Confirms Order for Additional Newbuildings

Ultrabulk has confirmed the order of four newbuildings with an option for fifth, placed during the second half of 2013 with Japanese shipyards.

The contract provides for two, optionally three Handysize 38,000 dwt units, one 61,000 dwt Supramax due for delivery in 2015 and one 82,000 dwt unit slated for delivery in 2016.

One handysize vessel, built in 2000, was sold to an associated company.

Henrik Sleimann Petersen, Executive Vice President and head of Ship Holding commented: “Our fleet renewal program continues to play a vital role in our long term growth strategy. Through an expanding long term operational fleet, where the fleet mix also diversifies, Ultrabulk is controlling a solid and healthy combination of long term chartered and owned tonnage”.

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Ultrabulk, March 19, 2014