John Koo re-enters shipping with ultramax order at Wuhu Shipyard

John Koo re-enters shipping with ultramax order at Wuhu Shipyard

Glory Maritime International, a new shipping company set up by Hong Kong shipowner John Koo, has officially signed shipbuilding contracts with China’s Wuhu Shipyard for the construction of up to ten 63,500 dwt ultramax bulk carriers.

The contract includes firm orders for four ships and options for six vessels. Total value of the contract is around $240m. The first vessel in the contract is scheduled for delivery by the end of 2019.

John Koo is a son of KM Koo, who ran Valles Steamship.

The new order marks Koo’s re-entry into the shipping business.

John Koo started Orient Steamship in 2002 and operated a fleet of both bulkers and tankers. However, he quit shipping in 2011 after selling his last ship.

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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