Kmarin to order eight VLOCs at Chinese yards for Vale charters

Kmarin to order eight VLOCs at Chinese yards for Vale charters

South Korean owner Kmarin has entered into letters of intent with two Chinese yards for the construction of eight VLOCs.

According to shipbroking sources, the company will place orders for four 325,000 dwt bulk carriers each at Yangzijiang Shipbuilding and Beihai Shipbuilding on the back of long term charters with Brazilian miner Vale. The details of the contracts remain unknown at this stage.

The new VLOCs will become the largest bulkers in the company’s fleet.

Kmarin currently operates a fleet of 35 vessels made up of 15 bulkers, 14 tankers, three containerships and four LNG carriers. It also has two capesize bulkers under construction at Beihai Shipbuilding.

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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