Korean shipowners in ordering spree

Korea Line has placed an order for a Capesize bulk carrier costing $ 70 million. The shipping company declined to give shipbuilder?s name and ship size but said that the order is a part of medium and long-term fleet expansion plan. Delivery is scheduled during first half of 2009.

STX Pan Ocean Co has placed an order for three 45,800DWT product carriers with STX Shipbuilding.