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LT Ugland orders five bulkers at Tsuneishi Zhoushan

Isle of Man owner LT Ugland has placed orders at Tsuneishi Zhoushan Shipbuilding for the construction of five 63,000dwt bulk carriers.

The total value of the contract is around $125m.

Two vessels are scheduled for delivery in 2017 while the other three will be delivered in 2018.

So far, all vessels owned by LT Ugland were built by Tsuneishi Shipbuilding.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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