| H-Line orders largest LNG-powered bulk carrierss | No 16|2018.10.15 |
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source LNG World Shipping |
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H-Line Shipping, part of the South Korean private equity firm Hahn & Co, has confirmed newbuilding orders for two 180,000-dwt LNG-powered bulk carriers. .... In recent years a number of South Korean, Japanese and Chinese shipowners and yards, working in tandem with class societies, have developed concept designs for LNG-powered, Newcastlemax bulk carriers with Australian iron ore transportation in mind. .... KOBC will make available up US$121.5M in guarantees to four shipping companies – Korea Line Corp, SK Shipping, H-Line Shipping and Polaris Shipping – and H-Line is set to be awarded US$8.5M from this pot to put towards its Newcastlemax newbuildings. The funds are being provided through the Korean Ministry of Oceans and Fisheries' eco-friendly ship conversion support programme. The scheme is providing subsidies equivalent to 5-10% of a newbuild vessel's price when it replaces an older vessel aged 20 years or more with an eco-friendly vessel. South Korea has launched the programme ahead of the entry into force of the January 2020 sulphur cap, and LNG-powered ship construction, in particular, is being encouraged. .... |
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