Korea Shipping Corporation Orders Bulker Duo at Daesun

  • Business & Finance

Korea Shipping Corporation (KSC) has placed an order for two 19,500 dwt self-unloading coal carriers at compatriot Daesun Shipbuilding and Marine Engineering.

The company,  which is a subsidiary of Korea Line Corporation (KLC), will be paying KRW 72.5 trillion (USD 65 million) for the two ships.

The ships are slated for delivery in the first two months of 2020, when they will start their long-term employment with Korea Midland Power (Komipo).

Namely, the two bulkers secured 25-year-long charter for a Seocheon coal-fired power station in May, 2018.

KLC has been pretty active on the newbuilding market over the past few months.

To remind, in April, the company ordered two very large crude carriers from Daewoo Shipbuilding and Marine Engineering (DSME) to support its charter deal with compatriot petroleum and refinery company S-Oil Corporation.

The order came on the back of a contract for two 300,000 dwt crude carriers with compatriot Hyundai Heavy Industries in March.

The USD 174.4 million worth ships are intended for the five-year contract for the transportation of crude oil between the Middle East and Korea for GS Caltex, set to start in 2020.

World Maritime News Staff

 

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