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H-Line orders LNG-powered capes

In an all South Korean newbuild deal, local owner H-Line has gone to Hyundai Heavy Industries for a pair of LNG-fuelled capesizes.

The 180,000 dwt ships will deliver in 2020 when the global sulphur cap comes into force and are set to go on long term charter to the country’s largest steel mill, Posco.

H-Line made a feasibility study into LNG powered bulkers earlier this year with a number of Korean partners including government bodies and Posco. It is expected to order LNG powered kamsarmaxes too in the coming months.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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