SWS wins order to build two 180,000 dwt bulkers for Foremost Group

China’s Shanghai Waigaoqiao Shipbuilding (SWS) has won an order to build two 180,000 dwt bulk carriers for Foremost Group, a New York-based shipping, trading and finance enterprise, reports said.

SWS, subsidiary of China State Shipbuilding Corporation (CSSC), will incorporated environmentally-friendly features into the newbuildings, as well as ballast water treatment systems to meet global regulations, the local media reported.

Financial details of the shipbuilding order were not disclosed.

Since 2002, Foremost Group has built more than 10 bulkers of 175,000-206,000-dwt in capacity at SWS.

The US firm currently operates a fleet of 18 dry bulk carriers.

Posted 29 June 2017

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Lee Hong Liang

Asia Correspondent

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