SK Shipping orders VLOCs at Dalian Shipbuilding

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South Korean owner SK Shipping has placed an order at Dalian Shipbuilding for the construction of two 325,000 dwt VLOCs. The prices for each vessel are USD 74.2 million and the 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, which has entered into a series of COA deals with 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 New Times Shipbuilding under the COA deal with Vale.

Sea News, January 31

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News