CMES Exercises Option for Four Ultramaxes

Financial details of the contract were not disclosed.

The ordered vessels are fuel-efficient bulkers with the capacity of 64,000 dwt. The vessels’ delivery is scheduled for the second half of 2017.

In September last year CMES inked a contract for the construction of two vessels of the same type, which was very popular last year. This contract included eighth options. All of these options have been exercised at this time.