Henrik Sleimann Petersen News

Due to continuous delays in the construction and delivery of two Kamsarmax bulkers, Ultrabulk cancels. The bulkships were originally to be built at Zhoushan Jinhaiwan Shipyard Co. Ltd., China, but the yard failed to finish the construction within agreed contractual delivery terms. The contracts were originally entered into and announced in 2010 (Company announcement # 25/2010) for long term charter of both vessels up to 12 years of duration. Ultrabulk further announces having entered into an agreement to secure a new ECO-designed Supramax bulker of 61…

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