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
2011
2020
GREEN GENIE 10603 2020
NAVIOS ASTERIKS 12274 2017
INTERLINK VERACITY 12418 2017
CORCOVADO 12798 2014
FIRST SKY 12798 2015
CS SARAFINA 12914 2014
DINO 13800 2013
INDIGO GARLAND 13802 2018
AVRA.GR 16200 2016
ES DIGNITY 16272 2018
JIA YUE 16956 2018
TRAMONTANA 17013 2020
OCEAN FALCON 28056 2011
DORIC WARRIOR 29671 2010
ALBION BAY 30195 2011
ZHOUSHAN ISLAND 31956 2012
EVER ALLIANCE 32017 2010
ORDU 32280 2011
SAINT DIMITRIOS 32873 2011
TCZEW 33371 2016
ULTRA OSORNO 33382 2013
SEA SMILE 33720 2012
NAVIGARE BONITAS 33788 2012
ULTRA PASSION 34446 2012
ULTRA EXCELLENCE 34627 2012
NEW BRIDGE 34952 2012
ULTRA TATIO 34952 2012
SZCZECIN 35220 2011
ULTRA VISION 35240 2016
OCEAN OUTSTANDING 35465 2016
PRASLIN 35542 2017
HANTON TRADER I 35712 2013
ULTRA DANIELA 36826 2012
HERCULES 37152 2012
MIDLAND TRADER 37202 2017
MORGENSTOND II 37202 2017
HAKO 37429 2012
ULTRA FITZ ROY 37429 2012
TOMINI ENTITY 37644 2018
GREAT AGILITY 37693 2017
CENTURY ROYAL 37883 2015
UNION MARK 37883 2015
CORRAL 37918 2014
DOLCE VITA 37918 2014
TOMINI HARMONY 37927 2013
ZEYNO 37927 2013
ULTRA JAGUAR 37930 2012
COQUIMBO 37981 2016
ULTRA OCELOT 37981 2016
MAZURY 38055 2001
ULTRA CALBUCO 38056 2013
CORDILLERA 38109 2012
AGIA DYNAMI 38228 2010
ALBATROSS ISLAND 38228 2010
DIONI 38228 2010
LOWLANDS MIMOSA 38228 2010
AZZURA 38690 2016
BERGE GALDHOPIGGEN 38800 2018
BBG BEIHAI 39071 2020
DRAWNO 39099 2018
RUBINA 39202 2017
ANGLO RED 39879 2016
ULTRA SASKATCHEWAN 53734 2006
CORINNA 55764 2012
TW MANILA 56564 2012
SM AURORA 56625 2012
ULTRA INTEGRITY 57017 2011
ULTRA TOLHUACA 57991 2011
ADIRONDACK 58032 2010
LOWLANDS BRABO 58032 2010
NM CHERRY BLOSSOM 58044 2014
NORDIC LONDON 58096 2011
POLESIE 58677 2012
ULTRA LION 58755 2012
CS JADEN 60948 2016
FENG SHOU HAI 61084 2016
INTERLINK AUDACITY 61084 2016
NY TRADER III 61119 2020
ULTRA BOSQUE 61119 2020
NORDIC NANJING 61181 2012
ULTRA TRUST 61181 2012
GOLDEN BRILLIANT 61188 2016
ULTRA DEDICATION 61214 2013
ULTRA DIVERSITY 61214 2013
PATIENCE LAKE 61225 2013
PRETTY TEAM 61225 2013
STRATEGIC SAVANNAH 61288 2015
AN DING HAI 61298 2015
ULTRA PROGRESSION 61298 2015
MALLIKA NAREE 61395 2009
ULTRA REGINA 61395 2009
ULTRA BELLAMBI 61412 2007
ULTRA DWARKA 61412 2007
ULTRA LANIGAN 61412 2008
TASSOS N 61414 2011
AQUARIUS HONOR 61424 2011
ARTVIN 61424 2011
LILA II 61442 2011
RIZE 61442 2011
AGIA SOFIA 61470 2010
ULTRA CORY 61470 2009
ULTRA DYNAMIC 61470 2006
ULTRA GUJARAT 61470 2007
ULTRA ROCANVILLE 61470 2007
ULTRA WOLLONGONG 61470 2007
ULTRA SASKATOON 61484 2006
SERENA R 61491 2017
EKATERINI 61602 2016
NONI 61631 2000
POLLUX 61671 2008
TAMPA BAY 61671 2008
ELENA 61683 2009
ULTRA TIGER 61683 2009
ULTRA ESTERHAZY 61684 2008
ULTRA VANSCOY 61684 2008
TBN 62000 2020
ULTRA SILVA 62647 2020
ANGLO BARINTHUS 63064 2016
CP SHANGHAI 63104 2014
SBI URSA 63166 2014
SEAGEM 63304 2018
TOMINI FELICITY 63365 2019
FLORA SCHULTE 63440 2018
TRABZON 63440 2017
ORTOLAN ALPHA STRAIT 63452 2017
SOHO TRADER 63465 2017
TOMINI PROSPERITY 63465 2017
COQUIMBO I 63469 2016
SUNNY ETERNITY 63472 2014
ULTRA INFINITY 63472 2014
EVMAR 63490 2015
NAVIGARE BELLUS 63490 2015
OCEAN INNOVATION 63490 2015
ULTRA CAPE TOWN 63490 2015
ULTRA GALAXY 63490 2015
ULTRA QUALITY 63490 2015
PS VALLETTA 63562 2020
ULTRA MARGAY 63590 2016
CENTURY GOLD 63608 2016
ULTRA FOREST 63645 2019
PACIFIC HERO 63900 2011
NORD CORONA 64012 2018
ULTRA ANGEL 75016 2013
ULTRA COLONSAY 75632 2006
ATLAS STRENGTH 76741 2004
ULTRA TRONADOR 76741 2011
YANGZE 10 76741 2011
EURUS VENTURE 77211 2016
CORAL EMERALD 78450 2005
VELA 78450 2004
VEGA 79167 2016
NEW AGE 81400 2017
NORDTAJO 81400 2017
JULIETTA D 81541 2015
BAMBOO STAR 81600 2020
CMB VAN DIJCK 81600 2020
MAR DE CORTES 81607 2015
ULTRA SERVAL 81607 2015
NICON FORTUNE 81628 2020
CIELO DI SAN FRANCISCO 81660 2012
SUPER VALENTINA 81660 2012
FLAG ZANNIS 81681 2013
ULTRA COURAGE 81777 2016
ULTRA INITIATOR 81777 2016
CIELO DI VIRGIN GORDA 81855 2015
NAVIGARE BOREAS 81855 2015
INFINITY SKY 81920 2020
KATYA ATK 81920 2020
IOLCOS GENESIS 81922 2014
PEDHOULAS FARMER 81922 2012
STRATEGIC ENTITY 81922 2013
ULTRA CRIMSON 81922 2013
ULTRA LEOPARD 81922 2013
ULTRA LYNX 81922 2012
NOMADIC MILDE 81970 2012
SIDER CARTAGENA 82025 2018
ULTRA COUGAR 82231 2012
ULTRA PANACHE 83001 2004
LORETO 83610 2004
ULTRA PANTHER 83610 2004
CAROLINE SELMER 83611 2011
SHI ZI FENG 83611 2011
ASIAN BULKER 84075 2016
AMANDA C 93216 2011
ULTRA PUMA 93250 2013

New buildings

NAME DWT YEAR
TBN 62000 2020

Panamax

NAME DWT YEAR
ULTRA ANGEL 75016 2013
ULTRA COLONSAY 75632 2006
ATLAS STRENGTH 76741 2004
ULTRA TRONADOR 76741 2011
YANGZE 10 76741 2011
EURUS VENTURE 77211 2016
CORAL EMERALD 78450 2005
VELA 78450 2004
VEGA 79167 2016
NEW AGE 81400 2017
NORDTAJO 81400 2017
JULIETTA D 81541 2015
BAMBOO STAR 81600 2020
CMB VAN DIJCK 81600 2020
MAR DE CORTES 81607 2015
ULTRA SERVAL 81607 2015
NICON FORTUNE 81628 2020
CIELO DI SAN FRANCISCO 81660 2012
SUPER VALENTINA 81660 2012
FLAG ZANNIS 81681 2013
ULTRA COURAGE 81777 2016
ULTRA INITIATOR 81777 2016
CIELO DI VIRGIN GORDA 81855 2015
NAVIGARE BOREAS 81855 2015
INFINITY SKY 81920 2020
KATYA ATK 81920 2020
IOLCOS GENESIS 81922 2014
PEDHOULAS FARMER 81922 2012
STRATEGIC ENTITY 81922 2013
ULTRA CRIMSON 81922 2013
ULTRA LEOPARD 81922 2013
ULTRA LYNX 81922 2012
NOMADIC MILDE 81970 2012
SIDER CARTAGENA 82025 2018
ULTRA COUGAR 82231 2012
ULTRA PANACHE 83001 2004
LORETO 83610 2004
ULTRA PANTHER 83610 2004
CAROLINE SELMER 83611 2011
SHI ZI FENG 83611 2011
ASIAN BULKER 84075 2016
AMANDA C 93216 2011
ULTRA PUMA 93250 2013

Supramax

NAME DWT YEAR
ULTRA SASKATCHEWAN 53734 2006
CORINNA 55764 2012
TW MANILA 56564 2012
SM AURORA 56625 2012
ULTRA INTEGRITY 57017 2011
ULTRA TOLHUACA 57991 2011
ADIRONDACK 58032 2010
LOWLANDS BRABO 58032 2010
NM CHERRY BLOSSOM 58044 2014
NORDIC LONDON 58096 2011
POLESIE 58677 2012
ULTRA LION 58755 2012
CS JADEN 60948 2016
FENG SHOU HAI 61084 2016
INTERLINK AUDACITY 61084 2016
NY TRADER III 61119 2020
ULTRA BOSQUE 61119 2020
NORDIC NANJING 61181 2012
ULTRA TRUST 61181 2012
GOLDEN BRILLIANT 61188 2016
ULTRA DEDICATION 61214 2013
ULTRA DIVERSITY 61214 2013
PATIENCE LAKE 61225 2013
PRETTY TEAM 61225 2013
STRATEGIC SAVANNAH 61288 2015
AN DING HAI 61298 2015
ULTRA PROGRESSION 61298 2015
MALLIKA NAREE 61395 2009
ULTRA REGINA 61395 2009
ULTRA BELLAMBI 61412 2007
ULTRA DWARKA 61412 2007
ULTRA LANIGAN 61412 2008
TASSOS N 61414 2011
AQUARIUS HONOR 61424 2011
ARTVIN 61424 2011
LILA II 61442 2011
RIZE 61442 2011
AGIA SOFIA 61470 2010
ULTRA CORY 61470 2009
ULTRA DYNAMIC 61470 2006
ULTRA GUJARAT 61470 2007
ULTRA ROCANVILLE 61470 2007
ULTRA WOLLONGONG 61470 2007
ULTRA SASKATOON 61484 2006
SERENA R 61491 2017
EKATERINI 61602 2016
NONI 61631 2000
POLLUX 61671 2008
TAMPA BAY 61671 2008
ELENA 61683 2009
ULTRA TIGER 61683 2009
ULTRA ESTERHAZY 61684 2008
ULTRA VANSCOY 61684 2008
ULTRA SILVA 62647 2020
ANGLO BARINTHUS 63064 2016
CP SHANGHAI 63104 2014
SBI URSA 63166 2014
SEAGEM 63304 2018
TOMINI FELICITY 63365 2019
FLORA SCHULTE 63440 2018
TRABZON 63440 2017
ORTOLAN ALPHA STRAIT 63452 2017
SOHO TRADER 63465 2017
TOMINI PROSPERITY 63465 2017
COQUIMBO I 63469 2016
SUNNY ETERNITY 63472 2014
ULTRA INFINITY 63472 2014
EVMAR 63490 2015
NAVIGARE BELLUS 63490 2015
OCEAN INNOVATION 63490 2015
ULTRA CAPE TOWN 63490 2015
ULTRA GALAXY 63490 2015
ULTRA QUALITY 63490 2015
PS VALLETTA 63562 2020
ULTRA MARGAY 63590 2016
CENTURY GOLD 63608 2016
ULTRA FOREST 63645 2019
PACIFIC HERO 63900 2011
NORD CORONA 64012 2018

Handysize

NAME DWT YEAR
2011
2020
GREEN GENIE 10603 2020
NAVIOS ASTERIKS 12274 2017
INTERLINK VERACITY 12418 2017
CORCOVADO 12798 2014
FIRST SKY 12798 2015
CS SARAFINA 12914 2014
DINO 13800 2013
INDIGO GARLAND 13802 2018
AVRA.GR 16200 2016
ES DIGNITY 16272 2018
JIA YUE 16956 2018
TRAMONTANA 17013 2020
OCEAN FALCON 28056 2011
DORIC WARRIOR 29671 2010
ALBION BAY 30195 2011
ZHOUSHAN ISLAND 31956 2012
EVER ALLIANCE 32017 2010
ORDU 32280 2011
SAINT DIMITRIOS 32873 2011
TCZEW 33371 2016
ULTRA OSORNO 33382 2013
SEA SMILE 33720 2012
NAVIGARE BONITAS 33788 2012
ULTRA PASSION 34446 2012
ULTRA EXCELLENCE 34627 2012
NEW BRIDGE 34952 2012
ULTRA TATIO 34952 2012
SZCZECIN 35220 2011
ULTRA VISION 35240 2016
OCEAN OUTSTANDING 35465 2016
PRASLIN 35542 2017
HANTON TRADER I 35712 2013
ULTRA DANIELA 36826 2012
HERCULES 37152 2012
MIDLAND TRADER 37202 2017
MORGENSTOND II 37202 2017
HAKO 37429 2012
ULTRA FITZ ROY 37429 2012
TOMINI ENTITY 37644 2018
GREAT AGILITY 37693 2017
CENTURY ROYAL 37883 2015
UNION MARK 37883 2015
CORRAL 37918 2014
DOLCE VITA 37918 2014
TOMINI HARMONY 37927 2013
ZEYNO 37927 2013
ULTRA JAGUAR 37930 2012
COQUIMBO 37981 2016
ULTRA OCELOT 37981 2016
MAZURY 38055 2001
ULTRA CALBUCO 38056 2013
CORDILLERA 38109 2012
AGIA DYNAMI 38228 2010
ALBATROSS ISLAND 38228 2010
DIONI 38228 2010
LOWLANDS MIMOSA 38228 2010
AZZURA 38690 2016
BERGE GALDHOPIGGEN 38800 2018
BBG BEIHAI 39071 2020
DRAWNO 39099 2018
RUBINA 39202 2017
ANGLO RED 39879 2016