The Taiwanese owner has placed firm orders for four 186,300 dwt capesize bulkers and options for six more at Shanghai Waigaoqiao Shipbuilding Co. The vessels will be owned by U-Ming’s Singapore shipowning arm and are priced at $49.83m each. The vessels are due to start delivering in 2014.
In August last year U-Ming president CK Ong told Seatrade Asia Week that the company planned to order up to eight bulker to capitalise on attractive prices.
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