Polaris Shipping orders capesize bulker at Waigaoqiao

Polaris Shipping orders capesize bulker at Waigaoqiao

South Korean owner Polaris Shipping has placed an order at China’s CSSC-affiliated Waigaoqiao Shipbuilding for the construction of an 180,000 dwt capesize bulk carrier.

The order is part of Polaris Shipping’s ongoing fleet expansion plan, with another 18 newbuildings under construction at Hyundai Heavy Industry and one under construction at Daehan Shipbuilding.

South Korean owners have been choosing Chinese yards more and more due to pricing despite the South Korean government calling for domestic owners to place orders locally.

This week, another South Korean owner Sinokor placed an order at China’s Jinhai Intellient Manufacturing for up to twenty 208,000 dwt bulk carriers.

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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