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.