UM BULK ORDERS 2 TESS 58

UM BULK AS orders 2 TESS-58 from Tsuneishi Shipbuilding

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UM BULK AS, Grimstad has signed an agreement with Tsuneishi Shipbuilding Co., Ltd, Japan to buy 2 bulk carriers of TESS-58 type.

The vessels will be delivered in 2014 and 2015 from Tsuneishi Heavy Industries, Cebu in the Philippines and represent next generation bulk carriers with eco-design and more effective engines with reduced consumption.

UM BULK AS is a J/V between the J.J. Ugland companies, Grimstad and Mitsubishi Corporation, Tokyo. The orders represent a broadening of a long-term cooperation between the two companies.

UM BULK AS thinks the timing is good for investing in new, more environmental friendly bulk carriers for delivery in 2014/2015.

For additional information, pls contact:
Mr. Øystein Beisland , President  A/S Uglands Rederi, mobile phone 911 34 411 or Mr. Jan Erik Paulsen, General Manager Mitsubishi Corporation, Oslo Liaison Representative, mobile phone  922 89 980.

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