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Polaris in $800m VLOC order at Hyundai HeavyPolaris in $800m VLOC order at Hyundai Heavy

Polaris Shipping has inked a KRW908bn ($800m) order with Hyundai Heavy Industries (HHI) for 10 VLOCs.

Marcus Hand, Editor

September 26, 2017

1 Min Read
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The 325,000 dwt VLOCs are to built in phases by HHI with delivery through to 2021.

The VLOC orders by Polaris are for contract with Brazilian miner Vale. Polaris operates a fleet of exiting VLOCs converted from VLCCs which have been in the spotlight over safety since the Stellar Daisy sank in the Atlantic in April with the loss of 22 lives.

The latest orders bring HHI's new order total for 2017 to 99 vessels valued at $5.8bn, a major improvement in just $2bn worth of orders booked a year earlier.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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