Bulker operator Norvic Shipping is to take an ultramax on long-term charter when it is delivered from a Japanese shipyard next quarter.

The 64,000-dwt bulker will be renamed Norvic Copenhagen and will be chartered in from Japanese shipowner Fujimaru Kaiun, following its delivery from the Imabari Shipyard. The specific length and commercial terms of the contract were not disclosed.

“Norvic has decided to take newbuildings into our fleet of 125 vessels in response to our growing business and to meet our commitment to new environmental regulations such as the IMO’s Carbon Intensity Indicator (CII),” AJ Rahman, Norvic’s founder and CEO, said in a statement...