AsiaDry CargoGreater ChinaShipyards
Korea Line chooses Chengxi to build bulker quartet
Korea Line Corporation has revealed where it placed orders recently for a quartet of bulkers, news that will infuriate yards on home soil desperate for business. Korea Line has chosen Chengxi Shipyard, part of China’s state-backed CSSC conglomerate to build the four 82,000 dwt ships at a reported price of $24.5m each.
The Korean shipowner said, “Thanks to the unprecedented low price, we could secure eco-friendly and highly efficient vessels in order to enter into long-term contracts for bituminous coal.”
Korea Line is owned by Samra Midas Group, a construction firm that also owns SM Line, the world’s newest containerline.