DSME’s Chinese venture grabs supramax pair

Daewoo Shipbuilding and Marine Engineering’s relatively new Chinese jv in Shandong province has won an order from Greece. Rethymnis & Kulukundis has opted for two 58,000 dwt bulkers for delivery next year

in February and April. The Greek owner is thought to be paying around $60m for the pair. Korean yards are expanding their footprint in China, from just block building to complete newbuilds. DSME Shandong Co (DSSC) is one of a number of Korean jvs in the People’s Republic. The largest of its kind is STX Dalian.
Source: SeaTrade-Asia