Ciner Orders Six Ultramax Bulk Carriers from Chinese Yard

fourth quarter of 2028 and the third quarter of 2029. The order was made under the leadership of Ciner Shipping CEO Vasileios Papakalodoukas. This latest acquisition adds to Ciner’s extensive fleet expansion, which has seen the company order up to 40 ships over the past four years, with a total investment exceeding $1 billion. Ciner’s continued investment in newbuildings reflects its strategy to strengthen its position in the bulk carrier market. The ultramax bulkers will be constructed at the group’s preferred Chinese yard, supporting ongoing cooperation between Turkish and Chinese shipbuilding sectors.