Shanhaiguan Shipbuilding to complete unfinished STX Dalian valemax

Shanhaiguan Shipbuilding to complete unfinished STX Dalian valemax

CSIC-affiliated Shanhaiguan Shipbuilding Industry has secured a contract to complete an unfinished valemax from bankrupt STX Dalian.

South Korea owner Pan Ocean originally ordered the vessel at STX Daian in 2009, however, the construction of the vessel was suspended in 2013 due to the bankruptcy of the shipyard.

In February, Pan Ocean bought back the vessel through an auction for RMB110m ($16.8m).

Pan Ocean signed a 20-year contract of affreightment (COA) with Vale in March to transport 32m tons of iron ore to China and Malaysia for Vale from the fourth quarter of 2016.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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