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Yangzijiang wins orders for four ultramax newbuilds from Meghna Group

Orders were placed at Jiangsu Yangzi-Mitsui Shipbuilding, a 51-49 joint venture between the Chinese builder and its Japanese partner Mitsui E&S Shipbuilding

Delivery is scheduled for between the second half of 2022 and first half of 2023. A regular ultramax dry bulker is priced by brokers at about $24m, although the rising steel price is now driving up newbuild cost

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