Foremost Group, an American dry bulk shipping company, today announced that it has taken delivery of a new 85,004 metric tons deadweight post-Panamax bulk carrier, the M/V “Ting May.” This ship builds upon Foremost Group’s tradition of operating a fleet of modern, environmentally-friendly ships built to the company’s stringent specifications.
This newest eco-friendly post-Panamax ship will be immediately put in service for Bunge Limited (NYSE: BG), the ship’s charterer, which will deploy the ship to transport its dry-bulk cargoes to ports around the world according to its requirements.
Consistent with industry practice in which the overwhelming majority of dry bulk ships are built in Asia, the new ship was built by Oshima Shipyard in Nagasaki Prefecture, Japan. This is the latest ship to be built and delivered to Foremost Group by Oshima Shipyard. The ship is financed by First Commercial Bank of Taiwan. Ms. Grace Jeng, President of First Commercial Bank of Taiwan, christened the ship.