M/Maritime enters into an agreement to acquire two Mitsui-built ultramax vessels
On the 1st December 2020, M/MARITIME signed a Memorandum of Agreement for the acquisition of two Ultramax dry bulk vessels both built at Mitsui Engineering & Shipbuilding Shipyard in Japan in 2016. Upon delivery of these two ships, M/MARITIME will have four Ultramaxes built at Mitsui E&S Shipyard under the Company’s management.
The vessels are expected to be delivered to M/MARITIME within the first quarter of 2021 and bring the Company’s fleet to a total of 19 vessels, 8 Ultramax, 7 Handysize and 2 Kamsarmax vessels together with 2, one Handysize and one Ultramax, vessels on long term period time charter.
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