The contract includes three plus one option from Alcyon Shipping and four plus two options from Marmaras Navigation. The contract is estimated to be worth approximately $500m and deliveries are scheduled to start from 2015.
The new bulkers will be incorporated with a 'Green' Ultra Long Stroke type engine to boost the efficiency of propellers and reduce fuel consumption by 10-15% compared to existing vessel types.
An official at Sungdong hoped that the latest contracts will help to revitalise the shipbuilding market which has been struggling due to a global lack of orders.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
Add Seatrade Maritime News to your Google News feed.
