Sungdong wins bulk carrier order

The bulk carriers, the biggest size which can enter the port Kamsar in Guinea Africa, will be delivered by the first half of 2012. This particular mid-sized vessel is now gaining the market’s attention with its price competitiveness and thus, other South Korea’s shipbuilders such as Daewoo Shipbuilding and Marine Engineering (DSME), Hyundai Mipo Dockyard and STX Offshore & Shipbuilding actively participate in bidding for this type of vessel.

Sungdong Shipbuilding is currently building the first contract from the European bulk carrier shipowner for three Supramax bulkers. A source from Sungdong Shipbuilding said that “The European ship owner had put several other shipbuilders under consideration but the company finalized its decision to make contract with us after conducting a survey on our facilities and the size of the shipyard.”

This year alone, Sungdong Shipbuilding has received new orders for 18 bulk carriers comprising eight Capesize bulk carriers, one post-Panamax carrier and nine Kamsarmax bulk carriers including this latest contract.