Tonnage Procurement

– Meeting the environmental challenges in close cooperation with our long-term partners

 

January 1st 2020 was the deadline for complying with the IMO SOX environmental regulations. Ultrabulk completed the transition with no down time in close cooperation with our tonnage partners. But further challenges are approaching quickly, requiring closer cooperation between shipbuilders, tonnage providers and Ultrabulk.

 

Well in advance of the January 2020 IMO SOX restriction implementation, Ultrabulk started working with our global tonnage providers. A detailed tank cleaning programme was established and executed and the full fleet met the presented deadline without any down time on our fleet.

Parallel to the tank cleaning programme allowing the fleet to switch to new compliant low sulphur fuels in time, Ultrabulk also initiated a programme for the installation of SOX Scrubbers on a portion of our core long-term fleet. The installation of scrubbers on four existing vessels as well as the delivery of five scrubber-fitted newbuildings from key long-term tonnage partners is on schedule and expected to be completed within first half of 2020. Upon completion of this programme, the scrubber-fitted portion of the fleet will represent approximately 6 % of the full Ultrabulk fleet or 18 % of the core long-term owned and chartered fleet. This will ensure a suitable hedge against forward in the high sulphur/low sulphur bunker cost.

Meeting the IMO SOX deadline is now behind us, but the coming challenges on NOX/Greenhouse Gas (GHG) reductions is the next challenge facing our industry. Even though the deadline is more than a decade away, the need for cooperation and industry innovation and investment is the next big challenge, and we must lift in unity with not only the shipbuilders and shipowners, but also involving the cargo owners and other industries.

While the SOX challenge had suitable solutions like the installations of scrubbers or switching to compliant fuels, the coming NOX/GHG challenges presently does not have a suitable solution for the shipping industry to reach zero-emissions. There are however a lot of initiatives taken, and still to be taken, to reduce the levels of emissions.

Ultrabulk is diligently following numerous promising initiatives, both as a possible customer, but also as an investor, with the goal to support the much needed innovation to solve the challenge ahead of us.

Ultrabulk is a strong supporter of initiatives to reduce environmental footprints as set out by the authorities. We take a proactive role in working with the authorities as well as our tonnage and cargo partners to find the optimal and cost-efficient solution to the closely approaching NOX/GHG requirements including participating in studies for projects offering carbon-neutral transportation options. Such position requires considerable investment, not only in securing the actual equipment needed for compliance, but also actively cooperating in developing new options and opportunities for present and future environmental regulations.

The work has only just started and to reach the finish line, cooperation throughout the industry is essential for success. Ultrabulk is committed to carry a leading role in achieving the goal.

In 2019 Ultrabulk took delivery of three newbuilding vessels to our fleet, and with five units scheduled for delivery in 2020, we are well positioned to service our key long-terms and spot-cargo clients in the years to come.

With a maintained focus on reducing our carbon footprint, Ultrabulk will continue to work closely with the best shipbuilders in our industry and first-class reliable owners. Together we will continue the improvement of designs of the next generation of vessels by retaining focus on a strict due diligence process with our close partners.

Ultrabulk Newbuilding program main facts

 

 Programme size:

48 vessels already
delivered and in service

5 vessels to be
delivered by 2021

Diversified mix including:

  • Chartered tonnage

  • Owned tonnage

  • Joint venture/co-owned vessels

  • Handysize, Supramax, Panamax and Kamsarmax vessels

»Longstanding and sound support by our close partners and associates has enabled us to establish a diversified long term core fleet. We believe in our partnerships and are confident they will contribute to the further sustainable development of the Ultrabulk fleet, our partners continued growth and to the mutual benefit of all our industrial partners«
 

Henrik Sleimann Petersen, Executive Vice President, Head of Ship Holding 

Total fleet: 130 to 165 vessels

 

Panamax

65,000-85,000 dwt

Up to 40 vessels

Supramax

45,000-65,000 dwt

Up to 60 vessels

Handysize

25,000-45,000 dwt

Up to 55 vessels

MPP

Up to 25,000 dwt

Up to 10 vessels

Fleet list

Total fleet

NAME DWT YEAR
AC AMITY 37054 2014
AGIA DYNAMI 61272 2016
AGIA SOFIA 84075 2011
ALBION BAY 37064 2011
ALCYONE 34061 2012
ALISIOS 12744 2007
AMANDA C 82231 2012
AMIS UNICORN 38749 2017
ANGLO BARINTHUS 81600 2020
ANGLO RED 38863 2018
ARTVIN 81660 2012
ATLANTIC CLOVER 75730 2003
ATLANTIC TULUM 61175 2020
ATLANTIC VERACRUZ 24350 2010
ATLAS STRENGTH 83001 2006
BAMBOO STAR 61631 2015
BELAJA 43413 2015
BOSTON HARMONY 58747 2009
BULK ELECTRA 79167 2014
CANADIAN BULKER 33720 2011
CARO PADRE 45418 2014
CAROLINE SELMER 32722 2004
CENTURY GOLD 39511 2013
CIELO DI DUBLINO 62065 2020
CIELO DI VIRGIN GORDA 56750 2011
COQUIMBO 63490 2018
CORAL RUBY 63458 2015
CORCOVADO 12418 2004
CORDILLERA 12798 2004
CORRAL 16200 2004
COVENTRY 38123 2013
DIONI 58755 2011
DIVINEGATE 38586 2016
DOLCE VITA 16204 2015
DORIC WARRIOR 63497 2016
EKATERINI 81400 2020
ELENA 76741 2006
EQUINOX STAR 80901 2018
EURUS VENTURE 63473 2015
EVANS 33800 2010
FENGTIEN 82499 2011
FIRST SKY 63452 2017
FLAG ZANNIS 39488 2016
GIOVANNI TOPIC 31921 2005
GLOBAL CORAL 34334 2015
GLORY HARVEST 13800 2006
GREAT AGILITY 37600 2019
GREAT COMFORT 35542 2013
HAKO 63104 2014
IDEE FIXE 37388 2017
INTERLINK SOLIDITY 60948 2015
IOLCOS GENESIS 39810 2015
IONIC HUNTRESS 81712 2013
JULIETTA D 81680 2011
KARLINO 30125 2012
KAVO PLATANOS 81970 2012
KEY OHANA 34952 2010
LILY AUERBACH 66604 2015
LOCH LONG 34126 2010
LORD WELLINGTON 55705 2010
LORETO 76741 2004
MAPLE AMBITION 61119 2020
MAR DE CORTES 12274 2001
MARINA K 82056 2008
MARINE PRINCESS 93103 2011
MOTHER M 35220 2010
NAUTICAL MADISON 63800 2014
ND ARISTEIA 63558 2019
NEW AGE 14121 2006
NEW BRIDGE 53506 2009
NIKOLAS D 63650 2016
NM CHERRY BLOSSOM 61484 2010
NOMADIC MILDE 12914 2011
NONI 39071 2019
NORDIC LONDON 63338 2014
NORDIC MALMOE 39300 2015
NORDIC NANJING 93270 2011
NURI SONAY 61254 2016
NY TRADER III 34050 2010
OCEAN ARTEMIS 93247 2011
OCEAN INNOVATION 17013 2007
OMICRON NIKOS 30124 2011
ORDU 63465 2019
ORIENT TIDE 98681 2011
ORTOLAN ALPHA STRAIT 35500 2012
PACIFIC CALM 33671 2011
PACIFIC HERO 14888 2006
PORT SHANGHAI 38690 2015
PORT TOKYO 58677 2012
PORTO LEONE 43413 2017
PS VALLETTA 63800 2018
RED DAISY 25037 2013
RED SAKURA 63601 2020
RIZE 61188 2016
ROSSANA 35712 2013
SBI PISCES 38648 2018
SEAGEM 61462 2012
SEAPEARL 58096 2010
SERENA R 35534 2015
SERVET ANA 38200 2014
SIDER CARTAGENA 13802 2008
SIERRA 93250 2012
SM AURORA 34446 2012
SOHO TRADER 63473 2016
ST PAUL(HSIZE) 63301 2012
STADION II 32955 2013
STAR CHALLENGER 76596 2008
STAR VEGA 93115 2010
STRATEGIC SAVANNAH 35853 2012
SUPER VALENTINA 35586 2012
TAO TREASURE 92776 2011
TBC PROGRESS 31956 2012
TIA MARTA 52038 2002
TOMINI FELICITY 60826 2019
TRABZON 81660 2011
TRAMONTANA 33382 2013
TS INDEX 81628 2013
TW MANILA 37644 2016
ULTRA ANGEL 61298 2017
ULTRA BELLAMBI 61470 2012
ULTRA CALBUCO 37981 2017
ULTRA CAPE TOWN 16956 2013
ULTRA COLONSAY 61470 2011
ULTRA CORY 61442 2014
ULTRA COUGAR 81922 2015
ULTRA COURAGE 37202 2013
ULTRA CRIMSON 61084 2016
ULTRA DANIELA 61288 2015
ULTRA DEDICATION 17013 2007
ULTRA DIVERSITY 63490 2017
ULTRA DWARKA 61395 2012
ULTRA DYNAMIC 61412 2011
ULTRA ESTERHAZY 38228 2012
ULTRA EXCELLENCE 61214 2016
ULTRA FITZ ROY 37918 2016
ULTRA GALAXY 62647 2019
ULTRA GUJARAT 61671 2012
ULTRA INCAHUASI 32752 2013
ULTRA INFINITY 21639 2007
ULTRA INITIATOR 63440 2016
ULTRA INTEGRITY 61181 2016
ULTRA JAGUAR 81922 2016
ULTRA LANIGAN 58032 2012
ULTRA LEOPARD 81777 2016
ULTRA LETIZIA 61288 2015
ULTRA LION 81922 2015
ULTRA LYNX 81607 2018
ULTRA MARGAY 81714 2019
ULTRA OCELOT 82006 2018
ULTRA OSORNO 37883 2018
ULTRA PANACHE 78450 2011
ULTRA PANTHER 83610 2008
ULTRA PASSION 63472 2017
ULTRA PROGRESSION 64012 2018
ULTRA PUMA 81855 2016
ULTRA QUALITY 63645 2019
ULTRA REGINA 61424 2013
ULTRA ROCANVILLE 61683 2012
ULTRA SASKATCHEWAN 61000 2020
ULTRA SASKATOON 61470 2012
ULTRA SERVAL 39202 2015
ULTRA TATIO 37927 2016
ULTRA TIGER 83611 2009
ULTRA TOLHUACA 37429 2015
ULTRA TRONADOR 32873 2000
ULTRA TRUST 61225 2015
ULTRA VANSCOY 38228 2013
ULTRA VISION 81920 2020
ULTRA WOLLONGONG 61684 2011
UNION MARK 58680 2011
VENTURE LUCK 60245 2017
WESTERN DURBAN 58802 2008
ZEYNO 63064 2014
ZONDA 81994 2013
TBN 81000 2020
TBN 62000 2020

New buildings

NAME DWT YEAR
TBN 81000 2020
TBN 62000 2020

Panamax

NAME DWT YEAR
AGIA SOFIA 84075 2011
AMANDA C 82231 2012
ANGLO BARINTHUS 81600 2020
ARTVIN 81660 2012
ATLANTIC CLOVER 75730 2003
ATLAS STRENGTH 83001 2006
BULK ELECTRA 79167 2014
EKATERINI 81400 2020
ELENA 76741 2006
EQUINOX STAR 80901 2018
FENGTIEN 82499 2011
IONIC HUNTRESS 81712 2013
JULIETTA D 81680 2011
KAVO PLATANOS 81970 2012
LILY AUERBACH 66604 2015
LORETO 76741 2004
MARINA K 82056 2008
MARINE PRINCESS 93103 2011
NORDIC NANJING 93270 2011
OCEAN ARTEMIS 93247 2011
ORIENT TIDE 98681 2011
SIERRA 93250 2012
STAR CHALLENGER 76596 2008
STAR VEGA 93115 2010
TAO TREASURE 92776 2011
TRABZON 81660 2011
TS INDEX 81628 2013
ULTRA COUGAR 81922 2015
ULTRA JAGUAR 81922 2016
ULTRA LEOPARD 81777 2016
ULTRA LION 81922 2015
ULTRA LYNX 81607 2018
ULTRA MARGAY 81714 2019
ULTRA OCELOT 82006 2018
ULTRA PANACHE 78450 2011
ULTRA PANTHER 83610 2008
ULTRA PUMA 81855 2016
ULTRA TIGER 83611 2009
ULTRA VISION 81920 2020
ZONDA 81994 2013

Supramax

NAME DWT YEAR
AGIA DYNAMI 61272 2016
ATLANTIC TULUM 61175 2020
BAMBOO STAR 61631 2015
BOSTON HARMONY 58747 2009
CIELO DI DUBLINO 62065 2020
CIELO DI VIRGIN GORDA 56750 2011
COQUIMBO 63490 2018
CORAL RUBY 63458 2015
DIONI 58755 2011
DORIC WARRIOR 63497 2016
EURUS VENTURE 63473 2015
FIRST SKY 63452 2017
HAKO 63104 2014
INTERLINK SOLIDITY 60948 2015
LORD WELLINGTON 55705 2010
MAPLE AMBITION 61119 2020
NAUTICAL MADISON 63800 2014
ND ARISTEIA 63558 2019
NEW BRIDGE 53506 2009
NIKOLAS D 63650 2016
NM CHERRY BLOSSOM 61484 2010
NORDIC LONDON 63338 2014
NURI SONAY 61254 2016
ORDU 63465 2019
PORT TOKYO 58677 2012
PS VALLETTA 63800 2018
RED SAKURA 63601 2020
RIZE 61188 2016
SEAGEM 61462 2012
SEAPEARL 58096 2010
SOHO TRADER 63473 2016
ST PAUL(HSIZE) 63301 2012
TIA MARTA 52038 2002
TOMINI FELICITY 60826 2019
ULTRA ANGEL 61298 2017
ULTRA BELLAMBI 61470 2012
ULTRA COLONSAY 61470 2011
ULTRA CORY 61442 2014
ULTRA CRIMSON 61084 2016
ULTRA DANIELA 61288 2015
ULTRA DIVERSITY 63490 2017
ULTRA DWARKA 61395 2012
ULTRA DYNAMIC 61412 2011
ULTRA EXCELLENCE 61214 2016
ULTRA GALAXY 62647 2019
ULTRA GUJARAT 61671 2012
ULTRA INITIATOR 63440 2016
ULTRA INTEGRITY 61181 2016
ULTRA LANIGAN 58032 2012
ULTRA LETIZIA 61288 2015
ULTRA PASSION 63472 2017
ULTRA PROGRESSION 64012 2018
ULTRA QUALITY 63645 2019
ULTRA REGINA 61424 2013
ULTRA ROCANVILLE 61683 2012
ULTRA SASKATCHEWAN 61000 2020
ULTRA SASKATOON 61470 2012
ULTRA TRUST 61225 2015
ULTRA WOLLONGONG 61684 2011
UNION MARK 58680 2011
VENTURE LUCK 60245 2017
WESTERN DURBAN 58802 2008
ZEYNO 63064 2014

Handysize

NAME DWT YEAR
AC AMITY 37054 2014
ALBION BAY 37064 2011
ALCYONE 34061 2012
ALISIOS 12744 2007
AMIS UNICORN 38749 2017
ANGLO RED 38863 2018
ATLANTIC VERACRUZ 24350 2010
BELAJA 43413 2015
CANADIAN BULKER 33720 2011
CARO PADRE 45418 2014
CAROLINE SELMER 32722 2004
CENTURY GOLD 39511 2013
CORCOVADO 12418 2004
CORDILLERA 12798 2004
CORRAL 16200 2004
COVENTRY 38123 2013
DIVINEGATE 38586 2016
DOLCE VITA 16204 2015
EVANS 33800 2010
FLAG ZANNIS 39488 2016
GIOVANNI TOPIC 31921 2005
GLOBAL CORAL 34334 2015
GLORY HARVEST 13800 2006
GREAT AGILITY 37600 2019
GREAT COMFORT 35542 2013
IDEE FIXE 37388 2017
IOLCOS GENESIS 39810 2015
KARLINO 30125 2012
KEY OHANA 34952 2010
LOCH LONG 34126 2010
MAR DE CORTES 12274 2001
MOTHER M 35220 2010
NEW AGE 14121 2006
NOMADIC MILDE 12914 2011
NONI 39071 2019
NORDIC MALMOE 39300 2015
NY TRADER III 34050 2010
OCEAN INNOVATION 17013 2007
OMICRON NIKOS 30124 2011
ORTOLAN ALPHA STRAIT 35500 2012
PACIFIC CALM 33671 2011
PACIFIC HERO 14888 2006
PORT SHANGHAI 38690 2015
PORTO LEONE 43413 2017
RED DAISY 25037 2013
ROSSANA 35712 2013
SBI PISCES 38648 2018
SERENA R 35534 2015
SERVET ANA 38200 2014
SIDER CARTAGENA 13802 2008
SM AURORA 34446 2012
STADION II 32955 2013
STRATEGIC SAVANNAH 35853 2012
SUPER VALENTINA 35586 2012
TBC PROGRESS 31956 2012
TRAMONTANA 33382 2013
TW MANILA 37644 2016
ULTRA CALBUCO 37981 2017
ULTRA CAPE TOWN 16956 2013
ULTRA COURAGE 37202 2013
ULTRA DEDICATION 17013 2007
ULTRA ESTERHAZY 38228 2012
ULTRA FITZ ROY 37918 2016
ULTRA INCAHUASI 32752 2013
ULTRA INFINITY 21639 2007
ULTRA OSORNO 37883 2018
ULTRA SERVAL 39202 2015
ULTRA TATIO 37927 2016
ULTRA TOLHUACA 37429 2015
ULTRA TRONADOR 32873 2000
ULTRA VANSCOY 38228 2013