Drydel orders ultramax in Japan

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Drydel Shipping has reportedly placed an order with Shin Kurushima Dockyard for the construction of a 64,000 dwt ultramax bulk carrier, expanding its orderbook to 10 ships. Delivery of the vessel is expected in 2026.

The price of the order was not disclosed. The deal is the Costas Dellaportas-controlled owner’s first new order since rebranding from Meadway Shipping & Trading.