The Danish company has secured four firm ships and has options for a fifth at Japanese shipyards, it revealed today.

Ultrabulk has placed two firm 38,000-dwt bulkers with an option for a third on its own account, chief executive Per Lange tells TradeWinds.

Long term contracts have been secured on a 61,000-dwt supramax and an 82,000-dwt panamax.

The owned vessels and the supramax are set to hit the water in 2015 and the panamax will arrive in 2016.

Henrik