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Shanghai Waigaoqiao in deal to build four capesizesShanghai Waigaoqiao in deal to build four capesizes

China-based Shanghai Waigaoqiao Shipbuilding has signed a contract with Zhejing Herun Group for the construction of four 180,000 dwt dry bulk carriers.

Lee Hong Liang, Asia Correspondent

October 18, 2013

1 Min Read
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The newbuildings carry a price tag of $54m each, and they are scheduled to be delivered in 2016.

Zhejiang Herun Group, a multi-sector enterprise with businesses in grain processing, logistics, energy storage and trading, property development, shipbuilding and repair and travel, has plans to build up a shipping fleet with a total capacity of 4m dwt for its grain transportation.

“The capacity of our bulk vessel ranges from 70,000-80,000 dwt each. With the new 180,000 dwt bulker, we expect to significantly increase our cargo carrying capacity and lower our operating costs,” Zhang Yong, assistant to ceo of Zhejiang Herun Group, told reporters.

Read more about:

dry bulk shipping

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

 

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