Korean rush to New Times for Vale newcastlemaxes

New Times Shipbuilding in China has done a tremedous job of pitching its newcastlemax capabilities to Korea customers. Following on from yesterday’s news that Polaris Shipping has ordered two firm plus two option of scrubber fitted newcatlemaxes at the Chinese yard, brokerhave a host of other identical ship deals from compatriot owners, all likely to go on charter to Brazilian miner, Vale. H Line Shipping has three firm plus two option om order at New Times while it has also emerged Pan Ocean has put pen to paper for a pair of these scrubber-fitted bulkers. All ships are for 2020 and 2021 delivery with a reported very competitive price tag of 54m per unit. The rush of Korean bulker orders has now closed out New Times’s available slots for 2020.



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