Sinokor back in China for more newcastlemaxes

Sinokor back in China for more newcastlemaxes

Sinokor Merchant Marine has gone to Shanghai Waigaoqiao for a pair of newcastlemaxes. The order comes with options for two more vessels. Both Banchero Costa and Allied Shipbroking are reporting the Tier III 208,000 dwt ships will deliver in 2020. A price of somewhere between $51m and $52m has been reported.

The South Korean owner has been on a serious expansion trail in the last year, taking in many tankers and bulkers. In May it contracted with China’s Jinhai Intelligent Manufacturing, formerly Jinhai Heavy Industry, for the construction of up to twenty 208,000 dwt newcastlemax bulk carriers.

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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