South Korean shipowner SK Shipping has placed an order at CSIC-affiliated Dalian Shipbuilding Industry (DSIC) for the construction of two 325,000 dwt VLOCs.
The price for each vessel is $74.2m and delivery dates are scheduled in March and May 2021.
The contract is part of a long-term COA deal SK Shipping entered into with Brazilian miner Vale, who has entered into a series of COA deals with a number of Chinese and South Korean shipping companies. The COA deals will see dozens of VLOC newbuildings transporting iron ore for Vale from 2019 onwards.
Last week, South Korean firm Pan Ocean ordered six VLOCs at China’s New Times Shipbuilding under the COA deal with Vale.