Polaris Orders Five More VLOCs at HHI
Post date: 23.10.2017 , Views: 204
Hyundai Heavy Industries South Korean shipping company Polaris Shipping has added five more 325,000 DWT Very Large Ore Carriers to the newbuilding tally at South Korean shipbuilder Hyundai Heavy Industries (HHI). The order, worth USD 400 million, is an option being exercised as part of a contract signed on September 25, when Polaris ordered ten VLOCs of the same class from HHI. HHI Group’s shipbuilding affiliates have so far this year won new orders of 110 ships worth USD 6.7 billion, 90% of the USD 7.5 billion annual target, the shipbuilder said.