Norway’s Ugland Shipping has announced the signing of two resale contracts for ultramaxes to add to its orderbook.
The first resale contract is with Japanese yard Sanoyas Shipbuilding for a 60,500 dwt bulk carrier which is scheduled for delivery in 2020. The vessel will be a sister vessel to recently delivered ultramaxes Olita and Belita.
Ugland has also signed a resale contract with Tsuneishi Cebu for a TESS-64 type bulk carrier, with delivery set for the second half of 2019.
The two vessels add to a newbuilding on order at Imabari, making a total of three newbuildings set for delivery to Ugland during 2019 and 2020. The company said it plans to sell at least one of its oldest bulkers before deliveries commence.