Singapore-Based Ship Owner Orders 8 Eight Very Large Ore Carriers (VLOC)
One of the world’s leading dry bulk owners will soon ink a LOI with shipyard groups China Shipbuilding
Industry Corporation (CSIC), Guangzhou Longxue Shipbuilding and CSIC Bohai Shipbuilding Heavy Industry for construction of eight very large ore carriers (VLOC). A company press release said that China’s two state-owned shipyards are scheduled to deliver all the new buildings in 2014 and 2015 and are expected to cost around USD 57-58 million per ship. Meanwhile, the Singapore-based ship owner has already taken delivery of four 388,000dwt VLOCs from Bohai’s shipyard. The last vessel was delivered earlier this year.
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