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

New buildings

NAME DWT YEAR
TBN 62000 2020

Panamax

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

Supramax

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

Handysize

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