23 March 2018
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Yasa Shipping from Turkey is finally closing in on an ultramax buying binge.

Turkey's Yasa in for ultramaxes at NACKS

28 November 2017 Tuesday 11:24

Having been linked with orders in China repeatedly by broking reports over the past five months, Allied Shipbrokers from Greece has finally tied the Turkish owner with a yard.

Allied said in its latest weekly report that Yasa has signed a letter of intent for four 61.000 dwt bulkers. The ships will be built at NACKS, a joint venture yard between COSCO and Kawasaki Heavy- with delivery set for 2019 and into 2020.

Yasa appears to have concluded a very fovourable price for these new ships with Allied reporting they are costing just $24.5m each.

Founded in 1999, the Yasa fleet today is in excess of 20 ships- all bulkers with a range of different sizes from capesize to handysize.

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