AsiaDry Cargo

Posco keen to order LNG-fuelled cape

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.

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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