Ultrabulk Orders Handysize Bulk Carriers

Press Release
Thursday, July 05, 2012

Ultrabulk signs contracts with a Japanese yard for construction of new generation handysize bulkers

Denmark-based Ultrabulk has placed an order with a major Japanese ship yard for the construction and delivery of one new generation super ECO-designed handysize bulker of 38,000tdw size for delivery in 2014, with Ultrabulk’s option to extend the order with one additional vessel.

The vessel(s) will be equipped with an electronic main engine as well as other equipment and systems which are expected to improve the fuel efficiency of the vessels by more than 15% and reduce the CO2 emissions correspondingly compared to similar sized handysize bulkers already delivered.

"We have historically enjoyed a strong and close long term relationship with many of the trading houses and ship yards in Japan" says Henrik Sleimann Petersen, Executive Vice President and Head of Shipholding of Ultrabulk and continues; "and we are pleased to support them by investing in this new generation of super ECO-designed environmentally friendly unit, which the ship yard spent considerable efforts in designing"

This order is the first super ECO-designed newbuilding order placed by Ultrabulk in executing their long term strategy of fleet renewal and expansion.


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