DryDel Shipping has expanded its fleet after returning to Japan’s Tsuneishi Shipbuilding with a new contract for another ultramax newbuild.
The new deal for the EEDI Phase 3 compliant vessel will be DryDel’s fourth at Tsuneishi and its affiliated yards after signing up for a scrubber-fitted eco-friendly unit in May 2023. The three earlier contracted ships should join the fleet in 2025 and 2026.
Formerly known as Meadway Shipping and Trading, DryDel contracted its first ship under the new brand at Shin Kurushima Dockyard in April 2024. The 64 000 DWT ultramax will be delivered in 2026.
No price has been revealed for the 66 000 DWT vessel that is expected to be delivered in 2028. The latest order will be DryDel’s 11th newbuilding project since December 2021, with two handysize bulkers delivered from Namura earlier in 2024.
Most recently, the shipowner was linked to a double ultramax sale in two separate deals worth around US$56 million in total.
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