Aruna doubles down with 10-ship ultramax programme in China

Turkey’s Aruna Shipping has signed for up to 10 ultramax bulk carriers at Yangzhou Guoyu Shipbuilding’s new Zhoushan operation, a programme that could more than double its owned fleet. The deal involves six firm 64,500 dwt ships, with options covering another four vessels. Shipbuilding databases indicate that the contract was signed in April, with the … Read full article →