Korea Shipping Corporation has signed shipbuilding contract with domestic yard ordered Dae Sun Shipbuilding for the construction of two 19,500 dwt bulk carriers.
The vessels will be chartered to Korea Midland Power under a 25-year consecutive voyage charter agreement upon delivery in 2020. Over the years, the Korea Shipping Corporation are expected to transport 70m tons of coal to Boryeong Port near a power station of Korea Midland Power.
The vessels will also be installed with self-unloaders and will run on alternative maritime power when in port to comply with stricter IMO environmental regulations.
“Securing the KOMIPO contract is the result of the company’s stable management and capability to perform long-term contracts and this also provides an opportunity for South Korean shipowners to work with domestic shipbuilders, which are struggling to win new orders,” said Kim Chil-bong, CEO of Korea Shipping Corporation.
