Olongapo SubicBay BatangGapo Newscenter

Friday, August 29, 2008

HHIC bags two more capesize bulker deals

HHIC expects to pick up more bulker sales this year.

SOUTH Korea’s Hanjin Heavy Industries Co said on Friday it has won a contract for two capesize dry bulkers, a day after announcing a capesize contract for one vessel from Shanghai’s Sealink.

HHIC said the latest order, from Germany’s MPC, is valued at Won214.7bn ($197.9m). Both vessels will be delivered by February 2011, following construction at the company’s Pusan shipyard.

HHIC’s sales manager Y S Kang spoke of the company’s disappointment at not gaining more containership sales this year, which would have brought more work to HHIC’s new mega-yard at Subic Bay in the Philippines.

“I think you will see us pick up more bulker sales,” he said. “There is no demand for containerships out there. We are very disappointed.” By Mike Grinter - lloydslist.com

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