U-Ming doubles down in China with six-ship bulker spend

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Taiwanese shipowner U-Ming Marine Transport has committed up to $312 million to six additional bulk carriers to be built in China. The order includes four ultramax vessels and two Newcastlemaxes, supporting the company’s plan to expand its fleet to 100 ships.

Taiwan’s U-Ming Marine Transport has committed up to $312m on six more bulkers in China, adding four ultramaxes and firming another pair of Newcastlemaxes as it presses ahead with plans to build a 100-ship fleet. Two separate Taiwan exchange disclosures from U-Ming’s Singapore subsidiary put the combined investment at between $296m and $312m. The larger …