Report: Fortune Ocean Eyes Up to Six New Bulkers

July 24, 2017

China’s dry bulk owner Fortune Ocean Shipping is looking to expand its fleet with up to six new bulk carriers to be built by its compatriot yard.

Namely, the company placed four firm orders with Tianjin Xingang at a price of USD 23.5 million a piece.

The contract for 82,000 dwt Panamax bulkers includes two more options, according to data provided by VesselsValue.

Under the deal, reportedly signed on July 21, the parties said that the new ships, including the options if exercised, would be delivered by the end of 2018.

The newbuilding orders have a market value of around USD 21.4 million.

Once delivered, these will become a part of Fortune Ocean Shipping’s fleet of 17 bulk carriers. The company also has one Ultramax bulker currently on order at China’s Dalian shipyard, scheduled to be delivered in July 2017.

World Maritime News Staff