JJ Ugland returns to Tsuneishi (Zhoushan)

Tsuneishi Group (Zhoushan) Shipbuilding has penned an order for a 58,000-dwt supramax bulk carrier with Norway's JJ Ugland group. 

The vessel has a price tag in excess of $33m but its specifications are unknown. It is set for delivery in 2012. The order means that Ugland has now in a little over a year bought five sisterships at the yard. The average price for the four first ships is $32m.