South Korean shipbuilder Sungdong Shipbuilding & Marine Engineering (Sungdong) has secured contracts worth about KRW200bn ($179m) from conglomerate shipping firms Hanjin Shipping and SK Shipping for the construction of four new 151,000dwt bituminous coal carriers.
The four vessels are among nine units ordered by five subsidiaries of Korea Electric Power Corporation (KEPCO), which include Korea South-East Power, Korea Midland Power, Korea Western Power, Korea Southern Power and Korea East-West Power, according to Asiasis Daily News.
Scheduled to be delivered from the third quarter of 2015 through to 2016, the four new vessels will be used for transporting bituminous coal from a number of countries including Australia, Canada and South Africa.
The new coal carriers are part of KEPCO’s aim to promote national competitiveness.
KEPCO’s five subsidiaries carried out an open tender for nine bituminous coal carriers in the second half of 2012.
Over the past year, Sungdong has been carrying out research and development of new vessel types and technologies for the operation of the bituminous coal carrier new-building project.