Greater China

Yangfan bags four bulkers from KLC

Shanghai: Yangfan Group has signed shipbuilding contracts with Korean owner Korea Line Coporation (KLC) for the construction of two 64,000dwt ultramax bulkers plus two options.

The price for each vessel is $28m, with delivery expected in the middle of 2016.

KLC currently operates 29 vessels including 27 bulkers, one product tanker and one VLGC. [07/07/14]

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