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Turkey’s Yasa in for ultramaxes at NACKS

Yasa Shipping from Turkey is finally closing in on an ultramax buying binge. Having been linked with orders in China repeatedly by broking reports over the past five months, Allied Shipbrokers from Greece has finally tied the Turkish owner with a yard.

Allied said in its latest weekly report that Yasa has signed a letter of intent for four 61,000 dwt bulkers. The ships will be built at NACKS – a joint venture yard between Cosco and Kawasaki Heavy – with delivery set for 2019 and into 2020.

Yasa appears to have concluded a very favourable price for these new ships with Allied reporting they are costing just $24.5m each.

Founded in 1999, the Yasa fleet today is in excess of 20 ships – all bulkers with a range of different sizes from capesize to handysize.

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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