South Korea’s Daesun Shipbuilding & Engineering has secured an order from an unnamed European shipping firm to build four 35,000dwt bulkers and three 14,000dwt general cargo vessels.

The company said that the general cargo vessels will cost $22m each, while the handy bulkers will come at a cost of $25.5m.

The vessels are expected to be delivered by the first half and second half of 2013, respectively.

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By GlobalData