Fortune Ocean exercises bulker options

Fortune Ocean exercises bulker options

Chinese owner Fortune Ocean has exercised options for bulkers from an order originally placed a year ago. Tianjing Xingang Shipyard will build two more 82,000 dwt bulkers to go alongside the four it is contracted to build for Fortune Ocean. The Tier II ships will deliver in 2020 and are costing $23.5m each.

Fortune Ocean Shipping is a Dalian-based vessel charterer. It mainly charters its vessels to large state owned shipping companies.

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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