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
SUN RUBY 32754 2004
ULTRA PANTHER 83610 2008
LORETO 76741 2004
IONIAN SPIRE 32268 2008
SZARE SZEREGI 39071 2017
ATLAS STRENGTH 83001 2006
ULTRA PANACHE 78450 2011
GLYKOFILOUSSA 75734 2005
VELA 53734 2007
ULTRA SASKATCHEWAN 61484 2010
ULTRA COLONSAY 61470 2011
ULTRA SASKATOON 61470 2012
ULTRA DYNAMIC 61412 2011
ULTRA WOLLONGONG 61684 2011
ULTRA GUJARAT 61671 2012
ULTRA ROCANVILLE 61683 2012
ULTRA DWARKA 61395 2012
ULTRA BELLAMBI 61470 2012
ULTRA LANIGAN 58032 2012
ULTRA ESTERHAZY 38228 2012
ULTRA VANSCOY 38228 2013
OMICRON LIGHT 76602 2005
ELENA 76741 2006
ULTRA TIGER 83611 2009
SUPER KATE 32162 2008
ULTRA REGINA 61424 2013
ULTRA CORY 61442 2014
SOPHIA Z 57285 2009
FOUR AIDA 34790 2009
LOWLANDS BRABO 32280 2010
ALBATROSS ISLAND 61414 2010
MIREILLE SELMER 33500 2010
ULTRA TRONADOR 32873 2000
SAGITTARIUS 28508 2010
AC SESODA 28306 2008
ARTVIN 81660 2011
PRETTY IVY 35214 2011
EQUINOX ORENDA 58689 2012
RIZE 81660 2012
JUNO 30185 2011
CLIFTON BAY 58709 2012
ORDU 81600 2012
ULTRA INTEGRITY 61181 2016
NORDIC LONDON 34952 2010
FOUR DIAMOND 34059 2011
TITAN 57337 2009
ULTRA TOLHUACA 37429 2015
TBC PROGRESS 31956 2012
LUBIE 29694 2011
AMANDA C 34446 2012
SM AURORA 81970 2012
ULTRA LION 81922 2015
ULTRA EXCELLENCE 61214 2016
EQUATOR 18965 2008
SUPER VALENTINA 33382 2013
KEY FUTURE 82099 2012
ULTRA COUGAR 81922 2015
ULTRA TRUST 61225 2015
NORDIC NANJING 35712 2013
TANIKAZE 56064 2013
ULTRA TATIO 37927 2016
CORINNA 81681 2013
ULTRA JAGUAR 81922 2016
ULTRA FITZ ROY 37918 2016
HAKO 63104 2014
NAVIGARE BONITAS 63166 2014
ULTRA PASSION 63472 2017
NOMADIC MILDE 12914 2011
GLOBAL MIRAI 58028 2012
CORDILLERA 12798 2004
PEDHOULAS FARMER 81541 2012
ULTRA LYNX 81607 2018
ULTRA DANIELA 61288 2015
ULTRA PUMA 81855 2016
ULTRA DIVERSITY 63490 2017
ULTRA DEDICATION 63490 2018
ULTRA OSORNO 37883 2018
ULTRA ANGEL 61298 2017
ULTRA CRIMSON 61084 2016
ULTRA LEOPARD 81777 2016
PATIENCE LAKE 35465 2013
HANTON TRADER I 63469 2014
ULTRA CALBUCO 37981 2017
ZEYNO 63064 2014
UNITED HARMONY 38200 2015
TS ALPHA 38871 2015
SBI ANTARES 61593 2015
STRATEGIC HARMONY 39879 2014
APPALOOSA 36062 2013
CORRAL 16200 2004
CALYPSO N 61622 2015
BASIC RAINBOW 38468 2011
NORDORINOCO 38000 2015
MAESTRO DIAMOND 36920 2015
VIYADA NAREE 38716 2016
NORDRHONE 38036 2015
ULTRA INFINITY 61188 2016
CORCOVADO 12418 2004
FIRST SKY 63452 2017
JULIETTA D 37202 2013
MAR DE CORTES 12274 2001
SPAR INDUS 63302 2016
ULTRA SERVAL 81400 2020
CIELO DI VIRGIN GORDA 39202 2015
INTERLINK AFFINITY 39045 2016
ULTRA QUALITY 63465 2020
SOHO MANDATE 61436 2016
ULTRA CAPE TOWN 16956 2013
SAND TOPIC 60155 2017
EVMAR 82025 2016
NAVIGARE BELLUS 63304 2017
ULTRA GALAXY 13802 2008
ULTRA PROGRESSION 64012 2018
GOLD OAK 37732 2017
ULTRA COURAGE 63645 2019
ULTRA INITIATOR 62647 2019
ULTRA VISION 61119 2020
COQUIMBO 17013 2007
ULTRA OCELOT 81600 2020
GREAT COSMOS 38649 2018
ANGLO BARINTHUS 81628 2013
ULTRA MARGAY 81920 2020
GLOBAL AQUA 55592 2019
ALPHA HERO 82052 2018
ALTHEA 29815 2002
AMORGOS 36063 2014
ANGLO RED 81712 2013
BERGE SNAEFELL 37669 2018
SEAHOPE 32922 2012
CHOLA TREASURE 75926 2004
CS JADEN 38101 2013
EKATERINI 82006 2018
EURUS VENTURE 43413 2017
FJ STAR 61225 2016
GOLDEN BRILLIANT 74524 2013
GREAT AGILITY 38648 2018
JERICHO BEACH 37633 2013
ORTOLAN ALPHA STRAIT 34126 2010
LIBERATOR 28414 2006
NAVIOS ASTERIKS 76800 2005
NEW AGE 21639 2007
NIKOLAS D 80901 2018
NORDTAJO 38541 2017
SEA VENUS 80888 2013
SOLINA 30182 2012
SOUTHGATE 38018 2018
TRABZON 81680 2011
YANNIS 50779 2009
SIDER CARTAGENA 14121 2006
SEAGEM 81714 2019
INDIGO GARLAND 63509 2020
NORD CORONA 81600 2019
ROYAL KALEIDO 80871 2019
ULTRA FOREST 40200 2020
ULTRA BOSQUE 40200 2020
NY TRADER III 39488 2016
PS VALLETTA 34050 2010
PACIFIC HARMONY 38139 2013
INFINITY SKY 62950 2018
ATALANTE 23641 2008

New buildings

Panamax

NAME DWT YEAR
ULTRA PANTHER 83610 2008
LORETO 76741 2004
ATLAS STRENGTH 83001 2006
ULTRA PANACHE 78450 2011
GLYKOFILOUSSA 75734 2005
OMICRON LIGHT 76602 2005
ELENA 76741 2006
ULTRA TIGER 83611 2009
ARTVIN 81660 2011
RIZE 81660 2012
ORDU 81600 2012
SM AURORA 81970 2012
ULTRA LION 81922 2015
KEY FUTURE 82099 2012
ULTRA COUGAR 81922 2015
CORINNA 81681 2013
ULTRA JAGUAR 81922 2016
PEDHOULAS FARMER 81541 2012
ULTRA LYNX 81607 2018
ULTRA PUMA 81855 2016
ULTRA LEOPARD 81777 2016
ULTRA SERVAL 81400 2020
EVMAR 82025 2016
ULTRA OCELOT 81600 2020
ANGLO BARINTHUS 81628 2013
ULTRA MARGAY 81920 2020
ALPHA HERO 82052 2018
ANGLO RED 81712 2013
CHOLA TREASURE 75926 2004
EKATERINI 82006 2018
GOLDEN BRILLIANT 74524 2013
NAVIOS ASTERIKS 76800 2005
NIKOLAS D 80901 2018
SEA VENUS 80888 2013
TRABZON 81680 2011
SEAGEM 81714 2019
NORD CORONA 81600 2019
ROYAL KALEIDO 80871 2019

Supramax

NAME DWT YEAR
VELA 53734 2007
ULTRA SASKATCHEWAN 61484 2010
ULTRA COLONSAY 61470 2011
ULTRA SASKATOON 61470 2012
ULTRA DYNAMIC 61412 2011
ULTRA WOLLONGONG 61684 2011
ULTRA GUJARAT 61671 2012
ULTRA ROCANVILLE 61683 2012
ULTRA DWARKA 61395 2012
ULTRA BELLAMBI 61470 2012
ULTRA LANIGAN 58032 2012
ULTRA REGINA 61424 2013
ULTRA CORY 61442 2014
SOPHIA Z 57285 2009
ALBATROSS ISLAND 61414 2010
EQUINOX ORENDA 58689 2012
CLIFTON BAY 58709 2012
ULTRA INTEGRITY 61181 2016
TITAN 57337 2009
ULTRA EXCELLENCE 61214 2016
ULTRA TRUST 61225 2015
TANIKAZE 56064 2013
HAKO 63104 2014
NAVIGARE BONITAS 63166 2014
ULTRA PASSION 63472 2017
GLOBAL MIRAI 58028 2012
ULTRA DANIELA 61288 2015
ULTRA DIVERSITY 63490 2017
ULTRA DEDICATION 63490 2018
ULTRA ANGEL 61298 2017
ULTRA CRIMSON 61084 2016
HANTON TRADER I 63469 2014
ZEYNO 63064 2014
SBI ANTARES 61593 2015
CALYPSO N 61622 2015
ULTRA INFINITY 61188 2016
FIRST SKY 63452 2017
SPAR INDUS 63302 2016
ULTRA QUALITY 63465 2020
SOHO MANDATE 61436 2016
SAND TOPIC 60155 2017
NAVIGARE BELLUS 63304 2017
ULTRA PROGRESSION 64012 2018
ULTRA COURAGE 63645 2019
ULTRA INITIATOR 62647 2019
ULTRA VISION 61119 2020
GLOBAL AQUA 55592 2019
FJ STAR 61225 2016
YANNIS 50779 2009
INDIGO GARLAND 63509 2020
INFINITY SKY 62950 2018

Handysize

NAME DWT YEAR
SUN RUBY 32754 2004
IONIAN SPIRE 32268 2008
SZARE SZEREGI 39071 2017
ULTRA ESTERHAZY 38228 2012
ULTRA VANSCOY 38228 2013
SUPER KATE 32162 2008
FOUR AIDA 34790 2009
LOWLANDS BRABO 32280 2010
MIREILLE SELMER 33500 2010
ULTRA TRONADOR 32873 2000
SAGITTARIUS 28508 2010
AC SESODA 28306 2008
PRETTY IVY 35214 2011
JUNO 30185 2011
NORDIC LONDON 34952 2010
FOUR DIAMOND 34059 2011
ULTRA TOLHUACA 37429 2015
TBC PROGRESS 31956 2012
LUBIE 29694 2011
AMANDA C 34446 2012
EQUATOR 18965 2008
SUPER VALENTINA 33382 2013
NORDIC NANJING 35712 2013
ULTRA TATIO 37927 2016
ULTRA FITZ ROY 37918 2016
NOMADIC MILDE 12914 2011
CORDILLERA 12798 2004
ULTRA OSORNO 37883 2018
PATIENCE LAKE 35465 2013
ULTRA CALBUCO 37981 2017
UNITED HARMONY 38200 2015
TS ALPHA 38871 2015
STRATEGIC HARMONY 39879 2014
APPALOOSA 36062 2013
CORRAL 16200 2004
BASIC RAINBOW 38468 2011
NORDORINOCO 38000 2015
MAESTRO DIAMOND 36920 2015
VIYADA NAREE 38716 2016
NORDRHONE 38036 2015
CORCOVADO 12418 2004
JULIETTA D 37202 2013
MAR DE CORTES 12274 2001
CIELO DI VIRGIN GORDA 39202 2015
INTERLINK AFFINITY 39045 2016
ULTRA CAPE TOWN 16956 2013
ULTRA GALAXY 13802 2008
GOLD OAK 37732 2017
COQUIMBO 17013 2007
GREAT COSMOS 38649 2018
ALTHEA 29815 2002
AMORGOS 36063 2014
BERGE SNAEFELL 37669 2018
SEAHOPE 32922 2012
CS JADEN 38101 2013
EURUS VENTURE 43413 2017
GREAT AGILITY 38648 2018
JERICHO BEACH 37633 2013
ORTOLAN ALPHA STRAIT 34126 2010
LIBERATOR 28414 2006
NEW AGE 21639 2007
NORDTAJO 38541 2017
SOLINA 30182 2012
SOUTHGATE 38018 2018
SIDER CARTAGENA 14121 2006
ULTRA FOREST 40200 2020
ULTRA BOSQUE 40200 2020
NY TRADER III 39488 2016
PS VALLETTA 34050 2010
PACIFIC HARMONY 38139 2013
ATALANTE 23641 2008