Seoul: Hyundai Merchant Marine (HMM) of South Korea has ordered two 180,000 dwt capesize bulkers as replacement tonnage for delivery in July and November 2011. The per-ship price is given at $103 million. According to local media reports, the bulkers will be built at Hyundai Samho Heavy Industries and will be assigned to POSCO, Korea's dominant steel mill. [04/02/08]
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