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
AC KATHRYN 32722 2006
AEOLOS 63434 2015
ALBERTO TOPIC 34356 2015
ALKYONIS 37418 2016
ALORA 63008 2017
AMANDA C 34446 2012
AMAPOLA 33997 2011
AMERICAN BULKER 36227 2016
AMIS JUSTICE 63531 2017
ANGLO BARINTHUS 81628 2013
ANGLO RED 81712 2013
ARAMIS 55830 2012
ARTVIN 81660 2011
ASTRA N 55762 2010
ATLAS STRENGTH 83001 2006
BETEIGEUZE 77053 2007
BLUEWING 26747 2001
CANADIAN BULKER 39511 2019
CIELO DI DUBLINO 37064 2011
CIELO DI GASPESIE 36638 2012
CIELO DI VIRGIN GORDA 39202 2015
COQUIMBO 17013 2007
CORCOVADO 12418 2004
CORDILLERA 12798 2004
CORRAL 16302 2004
CRIMSON MAJESTY 38035 2013
DARYA JAMUNA 36845 2012
DARYA KRISHNA 34874 2016
EKATERINI 82006 2018
EVER ALLIANCE 57991 2011
EVGENIA K 63500 2019
FEDERAL OSAKA 60467 2020
FIRST SKY 63452 2017
GALILEO 63176 2014
GANT MUSE 56024 2004
GEMINI CONFIDENCE 63270 2019
GREAT FAITH 38649 2018
GRECO LIBERO 63320 2015
HAKO 63104 2014
INTERLINK AUDACITY 39099 2016
INTERLINK CELERITY 38762 2017
IOLE R 83684 2015
IONIC HUNTRESS 34061 2012
IRMGARD 38167 2012
JAG AARATI 80323 2011
JULIETTA D 37202 2013
KAVO AETOS 52384 2003
KAVO PLATANOS 56750 2011
KIVELI 38191 2008
LORETO 76741 2004
MAESTRO DIAMOND 36920 2015
MAIPO RIVER 33157 2009
MAPLE OPAL 56842 2010
MAR DE CORTES 12274 2001
NAVIOS AMITIE 75395 2005
NEW AGE 21639 2007
NEWYORK HARMONY 38511 2015
NICOLINE BULKER 38191 2012
NOMADIC MILDE 12914 2011
NORD POLLUX 81839 2016
NORDMOSEL 38620 2017
OCEAN DIAMOND 58115 2013
OCEAN INNOVATION 63440 2016
ODELMAR 36101 2017
ORDU 82231 2012
PORT SHANGHAI 58747 2009
RB JAKE 81039 2016
RENAISSANCE 81666 2012
RICARDA 38566 2015
RIJN CONFIDENCE 33328 2013
RIVA 38664 2016
RIZE 81660 2012
ROSSANA 38586 2016
ROYAL HARMONY 37238 2011
ROYAL KNIGHT 58721 2013
S BRAND 33745 2005
SAN FELICE 34050 2010
SEA EXPRESS 79252 2012
SEATTLE HARMONY 38421 2019
SENECA 83975 2013
SERENA R 63473 2016
SETY 55753 2010
SIDER CARTAGENA 14121 2006
SKALA 33628 2012
SM AURORA 81970 2012
SOLINA 30182 2012
SPAR PYXIS 63266 2015
SPAR URSA 58018 2011
ST PAUL 58000 2010
ST. GREGORY 32657 2010
STAR MISTRAL 63306 2014
TAI PROSPERITY 77747 2005
TANTA T. 32500 2011
TAO TREASURE 25037 2013
TBC PROGRESS 31956 2012
TRABZON 81680 2011
TS INDEX 38863 2018
TSINGTAO 37657 2016
ULTRA ANGEL 61298 2017
ULTRA BELLAMBI 61470 2012
ULTRA CALBUCO 37981 2017
ULTRA CAPE TOWN 16956 2013
ULTRA COLONSAY 61470 2011
ULTRA CORY 61442 2014
ULTRA COUGAR 81922 2015
ULTRA COURAGE 63645 2019
ULTRA CRIMSON 61084 2016
ULTRA DANIELA 61288 2015
ULTRA DEDICATION 63490 2018
ULTRA DIVERSITY 63490 2017
ULTRA DWARKA 61395 2012
ULTRA DYNAMIC 61412 2011
ULTRA ESTERHAZY 38228 2012
ULTRA EXCELLENCE 61214 2016
ULTRA FITZ ROY 37918 2016
ULTRA GALAXY 13802 2008
ULTRA GUJARAT 61671 2012
ULTRA INFINITY 61188 2016
ULTRA INITIATOR 62647 2019
ULTRA INTEGRITY 61181 2016
ULTRA JAGUAR 81922 2016
ULTRA LANIGAN 58032 2012
ULTRA LASCAR 37429 2015
ULTRA LEOPARD 81777 2016
ULTRA LETIZIA 61288 2015
ULTRA LION 81922 2015
ULTRA LYNX 81607 2018
ULTRA OCELOT 81600 2020
ULTRA OSORNO 37883 2018
ULTRA PANACHE 78450 2011
ULTRA PANTHER 83610 2008
ULTRA PASSION 63472 2017
ULTRA PROGRESSION 64012 2018
ULTRA PUMA 81855 2016
ULTRA QUALITY 63465 2019
ULTRA REGINA 61424 2013
ULTRA ROCANVILLE 61683 2012
ULTRA SASKATCHEWAN 61484 2010
ULTRA SASKATOON 61470 2012
ULTRA SERVAL 81400 2020
ULTRA TATIO 37927 2016
ULTRA TIGER 83611 2009
ULTRA TOLHUACA 37429 2015
ULTRA TRONADOR 32873 2000
ULTRA TRUST 61225 2015
ULTRA VANSCOY 38228 2013
ULTRA WOLLONGONG 61684 2011
UNI BULKER 37675 2016
UNION GROOVE 35064 2012
VANTAGE REEF 29262 2010
VISAYAS 56136 2010
WECO JOSEFINE 38592 2018
WELLPARK 37429 2014
ZEYNO 63064 2014
TBN 81000 2020
TBN 81000 2020
TBN 81000 2020
TBN 62000 2020