AsiaDry Cargo

Polaris orders VLOC trio at Hyundai Heavy

Polaris Shipping has ordered three very large ore carriers at compatriot South Korean yard Hyundai Heavy Industries (HHI) as it sets about rejuvenating its heavily criticized fleet.

Polaris has opted for 325,000 dwt designs at HHI. No price has been revealed for the new ships.

At the end of March the Stellar Daisy, an old converted ore carrier belonging to Polaris, sank in the South Atlantic with the loss of 22 lives. Since then a number of faults have been found on other elderly ships belonging to the Korean carrier.

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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