Polaris in for newcastlemax pair at Waigaoqiao

South Korean owner Polaris Shipping has returned to Shanghai Waigaoqiao for a pair of newcastlemaxes as part of its ongoing fleet renewal program. Polaris has inked a contract for two 210,000 dwt bulkers. The Tier III-fitted ships will deliver in 2021. No price has been revealed for the vessels.

In May last year, Polaris made its first deal with Shanghai Waigaoqiao, part of the CSSC empire, signing a contract for a 180,000 dwt capesize.

Traditionally Polaris has ordered on home soil, with Hyundai Heavy Industries its favoured yard.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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