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Drydel places order for first new bulker

Published by , Editorial Assistant
Dry Bulk,

Greek bulk shipping company Drydel Shipping has contracted its first newbuild since changing its name from Meadway Shipping and Trading, adding to its orderbook of nine vessels spread across various Japanese shipyards.

The Costas Dellaportas owned company has madea deal with Shin Kurushima Dockyard in Japan for the construction of a 64 000 DWT ultramax bulk carrier with delivery set for 2026.

Brokers ahave estimated the transations value being roughly US$34 million and US$35 million for similar tonnage depending on the country of build, but no price or vessel details have been given for this order.

Drydel was officially launched in February to distinguish itself from Meadway Bulkers set up by Costas’ brother George Dellaportas in 2021. At present the company lists 11 bulkers in its fleet alongside an additional 19 chartered-in ships and 10 newbuilds set for delivery between 2024 and 2026.

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Dry cargo shipping news Asian dry bulk news European dry bulk news