Korean steel mill Posco is in talks with local shipping lines and shipbuilders to construct an LNG-fuelled capesize. The 180,000 dwt ship will haul iron ore from Australia to South Korea and comes on the back of news from Nor-Shipping yesterday where Australian miner BHP Billiton made clear its preference for LNG fuelled ships going forward.
This January BHP Billiton, Mitsui OSK Lines, Rio Tinto, SDARI, Woodside and DNV GL joined forces in a research project to develop LNG-fuelled capes.