AsiaDry Cargo

H-Line adds two LNG-fuelled capesize bulkers at Hyundai Samho

South Korean owner H-Line has placed an order at domestic yard Hyundai Samho for the construction of two LNG-powered 180,000 dwt capesize bulkers.

The two vessels, which are scheduled for delivery in 2022, will be deployed on a route between South Korea and Australia.

H-Line ordered two vessels of the same type at the shipyard in October last year at a price of $71m each.

H-Line currently owns a fleet of 40 vessels comprising 36 bulkers and four LNG carriers. It also has eight capesize bulkers on order.

South Korea is now making huge efforts to promote the development of LNG-powered ships, including providing subsidies for local lines to order such ships at domestic yards.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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