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Emarat Maritime pounces for four ultramaxes

Photo of Sam Chambers Sam ChambersApril 17, 2023
1,114 Less than a minute

In the bulker sector, Emarat Maritime has placed an order for four 63,000 dwt ultramaxes at New Dayang Shipbuilding, due for delivery in Q2 and Q3 2025.

Banchero Costa reports that the Dubai owner stepped in to take the four newbuild slots at the Chinese yard after Marine Capital failed to conclude a letter of intent signed at the end of last year.

Emarat Maritime has a fleet today made up of six aframax tankers and four bulk carriers.

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Photo of Sam Chambers Sam ChambersApril 17, 2023
1,114 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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