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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.