Topic
ultramax
Logistics Veritas Shipmanagement books fresh ultramax pair at COSCO yard, Splash247 reports
Veritas Shipmanagement has ordered two 64,000 dwt ultramax bulk carriers at COSCO Shipping Heavy Industry in Zhoushan, with delivery scheduled for 2030. The order extends a relationship that began in 2023 with four 63,600 dwt vessels. No contract price has been disclosed; Xclusiv assesses standard Chinese-built ultramax newbuildings at around $36m each.
Logistics Goldenport doubles ultramax newbuild order at Nantong Xiangyu to four ships
Greek owner Goldenport Shipmanagement has doubled its ultramax newbuilding programme at China's Nantong Xiangyu Shipbuilding & Offshore Engineering, adding two 63,500 dwt bulkers for 2029 delivery. The four-ship programme would be worth about $140m if the latest pair repeats the reported $35m price of the June order. Goldenport also has three 1,800 teu feeder containerships on order at China Merchants' Qingshan Shipyard for 2027-2028 delivery.
Logistics W Marine broadens newbuild drive with ultramax order at Jiangsu Dajin
Greek shipowner W Marine has placed an order for three 64,500 dwt ultramax bulk carriers at China's Jiangsu Dajin Heavy Industry, with deliveries scheduled for May, August, and November 2028. The deal, the company's first ultramax newbuildings, expands its newbuilding pipeline to five vessels, including two 1,800 TEU feeder containerships booked at Huanghai Shipbuilding. W Marine recently took delivery of two kamsarmaxes from Chengxi Shipyard, marking its return to the newbuilding market after nearly 20 years.
Logistics Greek Owner JME Navigation Adds Another Ultramax to New Dayang Orderbook, Securing 2030 Delivery Slot
JME Navigation has ordered another 64,000 dwt ultramax from New Dayang Shipbuilding, scheduled for early 2030 delivery. The deal lifts JME's orderbook at the yard to three Crown 63 vessels, with the first due July 2027. No price has been disclosed, but a recent comparable order valued similar ships at about $38.5 million apiece.
Logistics Aruna Shipping Doubles Down With 10-Ship Ultramax Bulk Carrier Programme in China
Turkey's Aruna Shipping has ordered up to 10 ultramax bulk carriers from Yangzhou Guoyu Shipbuilding's new Zhoushan operation, including six firm 64,500 dwt vessels and four options. The order, valued at up to $350 million, will more than double Aruna's owned fleet and marks a shift into larger dry bulk tonnage. Deliveries are expected from Q2 2028 through 2030, according to shipbuilding databases.
Logistics Bangladesh leads ultramax buying spree as Meghna Group snaps up modern tonnage
Bangladesh has emerged as the most aggressive buyer in the dry bulk market, with ultramax bulkers leading a buying spree that saw five vessels change hands in the past week. Meghna Group is linked to purchases of two Oldendorff ultramaxes, while Seacon Tokyo sold for $41.6m. The buying spree is part of Bangladesh's efforts to expand its oceangoing merchant fleet, supported by financing discussions for an $80m IFC loan and a planned $1bn shipbuilding complex.
Logistics Diana Shipping Locks In Nearly 30% Rate Increase for Ultramax in New Fednav Charter
Diana Shipping finalized a new time charter for its ultramax DSI Pegasus with Fednav at $18,350/day, nearly 30% above the previous Cargill rate. The deal runs from July 27, 2026 through at least August 15, 2027 with an extension option, expected to generate approximately $6.95m in gross revenue.
Logistics KC Maritime Returns to China for Ultramax Pair at Jiangsu Soho Chuangke Shipbuilding
Hong Kong-based bulker owner KC Maritime has ordered two 63,500 dwt ultramax vessels from Jiangsu Soho Chuangke Shipbuilding, marking its return to the newbuilding market since 2022. No price or delivery dates have been disclosed. The company currently operates four kamsarmaxes and eight ultramax/supramax vessels.
Logistics Malaysia's Lianson Fleet Group Acquires Two Ultramax Bulk Carriers for $52.32 Million
Malaysia's Lianson Fleet Group (LFG) is acquiring two 2017-built ultramax bulk carriers for $52.32 million, its first vessels in that size segment. The deal, along with a previously announced supramax acquisition, will bring LFG's fleet to 41 units comprising barges, tugboats, and bulk carriers. The purchases align with LFG's strategy to diversify beyond offshore support vessels into global dry bulk shipping.
Logistics Zhejiang Yonghang orders up to six ultramax bulkers at Yangfan Group
Chinese owner Zhejiang Yonghang Shipping has contracted with Yangfan Group for up to six ultramax bulk carriers, with four firm and two optional vessels. The 64,500 dwt ships, designed by SDARI, will be Chinese-flagged and meet latest environmental rules. Estimated newbuild cost is around $34m per vessel. This follows Yangfan Group's recent containership order from Baozhou Shipping.