Wednesday, November 28, 2012

[Marine] Korean tender for 150K BC

Korean tender for 150K BC

Korean five electric power companies made a joint tender on November 26th for a total of nine 150,000DWT bulker newbuildings.

Bidders are limited to Korean shipping companies making up a consortium.

They have to file a bid until December 21st.

The shipowners have to order newbuildings at Korea-based shipyards for job creation in local economy.

Newbuilding price is estimated to be around KRW 50bn ($46m) per ship and the rates would total up to KRW 1.8trn.



Published : November 27, 2012


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