J.J. Ugland Companies said that in line with the ongoing company strategy to renew the bulk carrier fleet the LIVANITA, as the oldest vessel in the bulker fleet, has been sold and recently delivered.
The bulker fleet will be further renewed late 2014 and early 2015 when two supramax newbuildings will be delivered, as announced last year.
Namely, UM BULK AS, a joint venture between J.J. Ugland and Mitsubishi Corporation signed an agreement with Tsuneishi Shipbuilding Co., Ltd, Japan, in January 2013, to buy 2 bulk carriers of TESS-58 type with the delivery scheduled for 2014 and 2015.
[mappress]
World Maritime News Staff, March 7, 2014; Image: J.J. Ugland Companies