Global Chartering Signs Newcastlemax Bulk Carrier x 4 with China Merchants Shipbuilding

Hong Kong, 16 December 2025 – Global Chartering, the joint venture between ArcelorMittal and DryLog, has finalized a landmark agreement with China Merchants Shipbuilding Industry Group (CMSI) for the construction of four Newcastlemax bulk carriers, valued at approximately over $290 million.

The contract signing ceremony took place in Hong Kong and was attended by key representatives from all parties, including Mr. Viral C Vora, Vice President of ArcelorMittal Shipping; Mr. Yannis Haramis, CEO of Global Chartering; Capt. Nitin Mehrotra , General Manager of ArcelorMittal Shipping;  Mr. Wu Sichuan, Chairman of China Merchants Shipbuilding Industry; and Mr. Peng Sheng, Executive Deputy General Manager of Qingdao Shipyard, among others.

Speaking at the event, Yannis Haramis, CEO of Global Chartering, said: “This agreement marks a significant milestone in our fleet expansion strategy. By partnering with CMSI, we are investing in high-quality, efficient vessels that will strengthen our ability to serve our clients. We look forward to a successful collaboration and to delivering value for our partners and customers.”

The four 211,000-deadweight-tonne bulk carriers will enhance Global Chartering’s capacity for transporting raw materials, supporting both steel production and international shipping operations.