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U-Ming signs for up to four newcastlemax bulk carriers in China at $77-80 million each
U-Ming Marine Transport has signed a contract with Jiangsu Hantong Ship Heavy Industry for two firm 211,000 dwt newcastlemax bulk carriers, with options for two more, at a cost of $77-80 million per vessel. The order is part of a wider dry bulk expansion plan approved earlier this year, targeting a fleet of over 100 vessels and more than 10 million dwt. Deliveries are scheduled for 2029 and 2030.
Jun 29, 2026 1 source