Shipping & Freight #shipping#bulk carriers
Polaris Shipping Orders Vale-Backed Newcastlemaxes at Hengli Shipbuilding
South Korea's Polaris Shipping has contracted two firm 210,000 dwt newcastlemax bulk carriers at China's Hengli Shipbuilding, with options for two more, at about $80m each for delivery in 2028. The newbuilds are linked to employment with Brazilian mining giant Vale, which is pushing an alternative-fuel dry bulk renewal programme covering up to 30 ore carriers. Polaris is one of three Asian owners selected by Vale for a package of up to 20 triple-fuel newcastlemaxes.
Jul 8, 2026 1 source
