S. Korea's Samho Shipyard Wins Six Bulk Carriers Order

Samho Shipyard Co. Ltd., Tong-yeong, South Korea based mid-size shipbuilder, has won an order to construct six 32000DWT-scale bulk carriers. The shipyard said January 25 that it signed a contract with Turkey-based Densa on building six bulk carriers. Under the deal that is estimated to be worth $165 million, Samho will deliver the carriers during the second and third quarters next year.
The Southern Gyeongsang Province based shipbuilder is announcing a series of new orders since last year. It won six bulk carriers from another Turkish company, Ciner, in December last year. “Negotiations for further orders on more than 10 units of chemical carriers and multi-purpose carriers are underway,” the shipbuilder said.
Samho, specialized in construction of small and mid-size oil tankers, yearly produces and delivers roughly 20 units of vessels on average. The shipyard was awarded the Towers of Trade for attaining $400 million exports by the Korean Investors and Traders Association on the Trade Day last year.