Tonnage Procurement

– Meeting the environmental challenges

 

Ultrabulk continues to retain high focus on ensuring our core fleet to be fully in compliance with present and future known environmental requirements to the industry. This is closely coordinated with our core partners to also ensure that our required long term transportation cost is both cost competitive and regulation compliant.

 

The core fleet continues to be the back bone of the Ultrabulk long-term commitment to cargo partners within our main trade segments. It is imperative for Ultrabulk to deliver reliable, safe, cost-efficient and regulatory compliant services to our long-term partners. To deliver on such ambitions, Ultrabulk maintains strong focus on quality and high levels of innovation in the full supply chain including ships, shipyards and tonnage partners.

Ultrabulk collaborates closely with shipbuilders and shipowners to ensure that all vessels are designed as the best in class and always proactively comply with known new regulations of compliance for the shipbuilding industry.

During 2018, Ultrabulk completed a long term investment program in the required compliance for the 2020 IMO SoX regulations, by installing sulphur scrubbers on a number of our existing vessels as well as contracting a series of new vessels to be built with scrubbers onboard together with key partners in Japan. This investment will allow Ultrabulk to operate a portion of their fleet as scrubber fitted units, while the remainder of the fleet will naturally switch to alternative compliant fuel options after January 2020.

Ultrabulk is known to be 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 not only the IMO 2020 low sulphur emission regulations but also for other known future 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.

Considerable capex investments has been made in 2018, and we expect further such investments will be  required in the years to come by both existing and new tonnage owners to meet the new environmental requirements enforced on the shipping industry. This challenge can only be solved if we work closely with existing and coming long-term tonnage partners to ensure all vessels contracted comply with present and future rules and regulations.

2018 was another challenging year in all segments where Ultrabulk is active, but also a year of opportunities and expanding our fleet.  

Ultrabulk continued to pursue its planned fleet development programme. In 2018, Ultrabulk took delivery of four 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, seven newbuildings are scheduled to be added to our core fleet by the end of 2020.

Ultrabulk has successfully been reducing our carbon footprint by primarily utilizing vessels built by the best shipbuilders. For future tonnage needs, Ultrabulk will continue the improvement of designs of the next generation of vessels by retaining focus on a stringent due diligence process with our close partners in the shipbuilding industry. This partnership with the shipyards will allow Ultrabulk to continue reducing CO2 emission and to be in the forefront of new technologies.

Ultrabulk Newbuilding program main facts


 

 Programme size:


50 vessels already
delivered and in service


6 vessels to be
delivered by 2020

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
BASEL ATHENA 20721 1999
BLUEWING 26747 2001
MAR DE CORTES 12274 2001
GIOVANNI TOPIC 52038 2002
CORCOVADO 12418 2004
CORDILLERA 12798 2004
CORRAL 16302 2004
AC SPLENDOR 32739 2005
CHAMCHURI NAREE 33733 2005
GOOD HOPE MAX 76739 2005
NEWSEAS AMBER 52347 2005
ATLAS STRENGTH 83001 2006
NAVIOS HARMONY 82790 2006
SIDER CARTAGENA 14121 2006
BF CALOOSA 11142 2007
COQUIMBO 17013 2007
LADY GIOVI 81791 2007
NEW AGE 21639 2007
AEGEAN SPIRE 33401 2008
EDEN BAY 28342 2008
POLA AUGUSTA 32271 2008
ULTRA GALAXY 13802 2008
ULTRA PANTHER 83610 2008
KEN SEA 53491 2009
ULTRA TIGER 83611 2009
ASIA PEARL V 35358 2010
AZORESBORG 17323 2010
GOLDEN ENDEAVOUR 79454 2010
NORD YILAN 28191 2010
SAN FELICE 34050 2010
TRANSCENDEN TIME 32686 2010
ULTRA PROSPERITY 61645 2010
ULTRA SASKATCHEWAN 61484 2010
UNISTREAM 9775 2010
VISAYAS 56136 2010
ARTVIN 81660 2011
DORIS 34505 2011
JAG ADITI 80325 2011
KAVO PLATANOS 56750 2011
KIBALI 57260 2011
LOWLANDS BEACON 61400 2011
NOMADIC MILDE 12914 2011
SIRIUS 34537 2011
SYROS I 81393 2011
TRABZON 81680 2011
ULTRA COLONSAY 61470 2011
ULTRA DYNAMIC 61412 2011
ULTRA PANACHE 78450 2011
ULTRA WOLLONGONG 61684 2011
UNISON STAR 38190 2011
ASIATIC 58519 2012
DARYA GANGA 36845 2012
EXPLORER 34147 2012
IONIC HAWK 34023 2012
KEN VOYAGER 38429 2012
LAST TYCOON 34569 2012
MARATHA PRUDENCE 32070 2012
ORDU 82231 2012
RIZE 81660 2012
SPRING BREEZE 33847 2012
STAR CHALLENGER 61462 2012
TBC PROGRESS 31956 2012
ULTRA BELLAMBI 61470 2012
ULTRA DWARKA 61395 2012
ULTRA ESTERHAZY 38228 2012
ULTRA GUJARAT 61671 2012
ULTRA LANIGAN 58032 2012
ULTRA ROCANVILLE 61683 2012
ULTRA SASKATOON 61470 2012
VECTIS HARRIER 8693 2012
W ORIGINAL 81939 2012
ASL LUNA 37070 2013
FEDERAL TWEED 55337 2013
JULIETTA D 37202 2013
PEAK PROTEUS 82158 2013
ROYAL KNIGHT 58721 2013
ULTRA CAPE TOWN 16956 2013
ULTRA REGINA 61424 2013
ULTRA VANSCOY 38228 2013
BEN NEVIS 38737 2014
BUNUN ELEGANCE 45556 2014
EREDINE 39855 2014
ES URANUS 34358 2014
HAKO 63104 2014
INTERLINK LEVITY 37300 2014
PORTO LEONE 63800 2014
SEA BLISS 38147 2014
SUMMERTIME DREAM 56104 2014
TBC PRESTIGE 31956 2014
ULTRA CORY 61442 2014
WELLPARK 37429 2014
ZEYNO 63064 2014
BUNUN GLORY 37046 2015
CHICAGO HARMONY 38485 2015
CIELO DI VALPARAISO 39202 2015
IONIC KIBOU 81889 2015
METSOVO 57495 2015
RICARDA 38566 2015
SBI RUMBA 84867 2015
SPAR ARIES 63800 2015
ULTRA COUGAR 81922 2015
ULTRA DANIELA 61288 2015
ULTRA LASCAR 37429 2015
ULTRA LETIZIA 61288 2015
ULTRA LION 81922 2015
ULTRA TOLHUACA 37429 2015
ULTRA TRUST 61225 2015
AFRICAN LEOPARD 63435 2016
CHRISTOS 63156 2016
CP TIANJIN 63541 2016
HUNAN 39828 2016
INTERLINK EQUALITY 38780 2016
NAVIGARE BACCA 61213 2016
OCEAN INNOVATION 63440 2016
SAKIZAYA FUTURE 81938 2016
SBI APOLLO 60425 2016
SERENA R 63473 2016
STH SYDNEY 60309 2016
ULTRA CRIMSON 61084 2016
ULTRA EXCELLENCE 61214 2016
ULTRA FITZ ROY 37918 2016
ULTRA INFINITY 61188 2016
ULTRA INTEGRITY 61181 2016
ULTRA JAGUAR 81922 2016
ULTRA LEOPARD 81777 2016
ULTRA PUMA 81855 2016
ULTRA TATIO 37927 2016
XIU YU HAI 38835 2016
ALORA 63008 2017
CIELO DI SETO 37204 2017
CP NANJING 63581 2017
FIRST SKY 63452 2017
FLAG LAMA 80891 2017
MARITIME CHALLENGER 64794 2017
RB ARIANA 81334 2017
ULTRA ANGEL 61298 2017
ULTRA CALBUCO 37981 2017
ULTRA DIVERSITY 63490 2017
ULTRA PASSION 63472 2017
PEGASUS 34960 2018
SAKURA 63354 2018
SANTA ALEXANDRA 63551 2018
SE NICKY 37717 2018
SHANDONG FU ZHI 81780 2018
ULTRA DEDICATION 63490 2018
ULTRA LYNX 81607 2018
ULTRA OSORNO 37883 2018
ULTRA PROGRESSION 64012 2018
ADVENTURE III 62534 2019
ATALANTI.GR 60394 2019
BEECHGATE 63449 2019
FEDERAL INDUS 63498 2019
ULTRA COURAGE 63645 2019
ULTRA INITIATOR 62647 2019
ULTRA QUALITY 63465 2019
TBN 62000 2020
TBN 63000 2020
TBN 81000 2020
TBN 81000 2020
TBN 81000 2020

New buildings

NAME DWT YEAR
TBN 62000 2020
TBN 63000 2020
TBN 81000 2020
TBN 81000 2020
TBN 81000 2020

Panamax

NAME DWT YEAR
GOOD HOPE MAX 76739 2005
ATLAS STRENGTH 83001 2006
NAVIOS HARMONY 82790 2006
LADY GIOVI 81791 2007
ULTRA PANTHER 83610 2008
ULTRA TIGER 83611 2009
GOLDEN ENDEAVOUR 79454 2010
ARTVIN 81660 2011
JAG ADITI 80325 2011
SYROS I 81393 2011
TRABZON 81680 2011
ULTRA PANACHE 78450 2011
ORDU 82231 2012
RIZE 81660 2012
W ORIGINAL 81939 2012
PEAK PROTEUS 82158 2013
IONIC KIBOU 81889 2015
SBI RUMBA 84867 2015
ULTRA COUGAR 81922 2015
ULTRA LION 81922 2015
SAKIZAYA FUTURE 81938 2016
ULTRA JAGUAR 81922 2016
ULTRA LEOPARD 81777 2016
ULTRA PUMA 81855 2016
FLAG LAMA 80891 2017
RB ARIANA 81334 2017
SHANDONG FU ZHI 81780 2018
ULTRA LYNX 81607 2018

Supramax

NAME DWT YEAR
GIOVANNI TOPIC 52038 2002
NEWSEAS AMBER 52347 2005
KEN SEA 53491 2009
ULTRA PROSPERITY 61645 2010
ULTRA SASKATCHEWAN 61484 2010
VISAYAS 56136 2010
KAVO PLATANOS 56750 2011
KIBALI 57260 2011
LOWLANDS BEACON 61400 2011
ULTRA COLONSAY 61470 2011
ULTRA DYNAMIC 61412 2011
ULTRA WOLLONGONG 61684 2011
ASIATIC 58519 2012
STAR CHALLENGER 61462 2012
ULTRA BELLAMBI 61470 2012
ULTRA DWARKA 61395 2012
ULTRA GUJARAT 61671 2012
ULTRA LANIGAN 58032 2012
ULTRA ROCANVILLE 61683 2012
ULTRA SASKATOON 61470 2012
FEDERAL TWEED 55337 2013
ROYAL KNIGHT 58721 2013
ULTRA REGINA 61424 2013
HAKO 63104 2014
PORTO LEONE 63800 2014
SUMMERTIME DREAM 56104 2014
ULTRA CORY 61442 2014
ZEYNO 63064 2014
METSOVO 57495 2015
SPAR ARIES 63800 2015
ULTRA DANIELA 61288 2015
ULTRA LETIZIA 61288 2015
ULTRA TRUST 61225 2015
AFRICAN LEOPARD 63435 2016
CHRISTOS 63156 2016
CP TIANJIN 63541 2016
NAVIGARE BACCA 61213 2016
OCEAN INNOVATION 63440 2016
SBI APOLLO 60425 2016
SERENA R 63473 2016
STH SYDNEY 60309 2016
ULTRA CRIMSON 61084 2016
ULTRA EXCELLENCE 61214 2016
ULTRA INFINITY 61188 2016
ULTRA INTEGRITY 61181 2016
ALORA 63008 2017
CP NANJING 63581 2017
FIRST SKY 63452 2017
MARITIME CHALLENGER 64794 2017
ULTRA ANGEL 61298 2017
ULTRA DIVERSITY 63490 2017
ULTRA PASSION 63472 2017
SAKURA 63354 2018
SANTA ALEXANDRA 63551 2018
ULTRA DEDICATION 63490 2018
ULTRA PROGRESSION 64012 2018
ADVENTURE III 62534 2019
ATALANTI.GR 60394 2019
BEECHGATE 63449 2019
FEDERAL INDUS 63498 2019
ULTRA COURAGE 63645 2019
ULTRA INITIATOR 62647 2019
ULTRA QUALITY 63465 2019

Handysize

NAME DWT YEAR
BASEL ATHENA 20721 1999
BLUEWING 26747 2001
MAR DE CORTES 12274 2001
CORCOVADO 12418 2004
CORDILLERA 12798 2004
CORRAL 16302 2004
AC SPLENDOR 32739 2005
CHAMCHURI NAREE 33733 2005
SIDER CARTAGENA 14121 2006
BF CALOOSA 11142 2007
COQUIMBO 17013 2007
NEW AGE 21639 2007
AEGEAN SPIRE 33401 2008
EDEN BAY 28342 2008
POLA AUGUSTA 32271 2008
ULTRA GALAXY 13802 2008
ASIA PEARL V 35358 2010
AZORESBORG 17323 2010
NORD YILAN 28191 2010
SAN FELICE 34050 2010
TRANSCENDEN TIME 32686 2010
UNISTREAM 9775 2010
DORIS 34505 2011
NOMADIC MILDE 12914 2011
SIRIUS 34537 2011
UNISON STAR 38190 2011
DARYA GANGA 36845 2012
EXPLORER 34147 2012
IONIC HAWK 34023 2012
KEN VOYAGER 38429 2012
LAST TYCOON 34569 2012
MARATHA PRUDENCE 32070 2012
SPRING BREEZE 33847 2012
TBC PROGRESS 31956 2012
ULTRA ESTERHAZY 38228 2012
VECTIS HARRIER 8693 2012
ASL LUNA 37070 2013
JULIETTA D 37202 2013
ULTRA CAPE TOWN 16956 2013
ULTRA VANSCOY 38228 2013
BEN NEVIS 38737 2014
BUNUN ELEGANCE 45556 2014
EREDINE 39855 2014
ES URANUS 34358 2014
INTERLINK LEVITY 37300 2014
SEA BLISS 38147 2014
TBC PRESTIGE 31956 2014
WELLPARK 37429 2014
BUNUN GLORY 37046 2015
CHICAGO HARMONY 38485 2015
CIELO DI VALPARAISO 39202 2015
RICARDA 38566 2015
ULTRA LASCAR 37429 2015
ULTRA TOLHUACA 37429 2015
HUNAN 39828 2016
INTERLINK EQUALITY 38780 2016
ULTRA FITZ ROY 37918 2016
ULTRA TATIO 37927 2016
XIU YU HAI 38835 2016
CIELO DI SETO 37204 2017
ULTRA CALBUCO 37981 2017
PEGASUS 34960 2018
SE NICKY 37717 2018
ULTRA OSORNO 37883 2018