2017 was a challenging year in all segments where Ultrabulk is active, but also a year of expanding our fleet. In addition to our historically active segments, we established a stronger foothold in the MPP segment by committing to take five modern MPPs into our fleet from close tonnage partners. 

Ultrabulk continued to pursue its planned fleet development programme. In 2017, Ultrabulk took delivery of five new vessels to our fleet, mainly as physical tonnage hedge against the company’s forward cargo commitments. Deliveries were a combination of owned and long-term chartered vessels and included Handysize, Supramax and Panamax vessels. Additionally, four newbuildings are scheduled to be added to our core fleet by the end of 2020.

For future tonnage needs, Ultrabulk will retain focus on executing through a stringent due diligence process with our close partners in the shipbuilding industry, with partners known for being reputable and able to build optimally designed vessels on time, to the highest standard of quality and who give innovative focus to features aimed at assuring safety of the crew, vessel and cargo as well as environmental rules and regulations expected to be implemented in the future.

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 

Supramax

45,000-65,000 dwt

Up to 60 vessels

MPP

Up to 25,000 dwt

Up to 10 vessels