U-Ming books ultramax newbuild brace in Japan

Taiwanese dry bulk shipping operator U-Ming Marine Transport is expanding its fleet a brace of ultramax newbuilds in Japan.

The subsidiary of the Far Eastern Group has signed up for 64,100 dwt vessels at Oshima Shipbuilding with delivery expected in April and June 2028. No price has been revealed.

U-Ming owns and operates nearly 80 ships, including those under construction, and joint ventures. Most of the fleet comprises bulkers, but the company also trades in the VLCC, cement carrier and crew transfer vessel segments.

Last October the company booked a series of four ultramaxes at Chinese builder New Dayang for delivery in 2027 and 2028. U-Ming’s fleet list also shows a pair of capsize bulker newbuildings contracted at China’s Hengli Heavy Industry with estimated delivery in the second half of 2027.