Kmarin adds two VLOCs at Qingdao Beihai

Kmarin adds two VLOCs at Qingdao Beihai

South Korea ship investment firm Kukje Maritime (Kmarin) has placed orders at China state-run yard Qingdao Beihai for an additional two 325,000 dwt guaibamax bulk carriers.

This latest orders follow the company ordering two 325,000 dwt bulkers each at Yangzijiang Shipbuilding and Beihai Shipbuilding in August on the back of long-term charters with Brazilian miner Vale.

The orders are part of Kmarine’s $750m newbuilding program, which includes eight 325,000 dwt VLOCs, plus options for an additional two, at the two shipyards.

According to shipbroking sources, the price for each is $75m and deliveries of the two latest ships are scheduled in 2021 and 2022.

Kmarine currently operates a fleet of 35 vessels made up of 15 bulkers, 14 tankers, three containerships and four LNG carriers.

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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