Brokers: Sinokor Merchant Marine In for Up to 20 Bulkers

Jinhai Intelligent ManufacturingImage Courtesy: Jinhai Intelligent Manufacturing

Seoul-based shipping company Sinokor Merchant Marine has been linked to an order for up to 20 bulkers at Jinhai Intelligent Manufacturing, according to Oslo-based broker Fearnleys.

Sinokor is said to have firmed up its order for four Newcastlemaxes at Jinhai, with options to boost its order with 16 more ships.

The delivery date for the firm 208,000 dwt newbuildings from the contract has been set for 2020. Price details of the deal have not been revealed.

The order is being reported on the back of Sinokor’s second-hand feeder purchases. Namely, in April, Sinokor bought two MAX  feeder vessels, which had been commercially managed by Dutch Vroon, with one more acquisition expected to follow soon.

Sinokor is in the process of merging its container shipping operations with compatriot Heung-A Shipping.

The merger is expected to take place by the end of the year before the duo joins forces with Hyundai Merchant Marine (HMM). The integration is expected to be completed by the end of 2019, the country’s Ministry of Oceans and Fisheries (MOF) said in a statement.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >