Polaris lines up Vale-backed newcastlemaxes

South Korea’s Polaris Shipping has been linked to an order for up to four newcastlemax bulk carriers at China’s Hengli Shipbuilding. Shipbuilding sources report the Seoul-based owner has contracted two firm 210,000 dwt bulkers at the Dalian yard, with options for two more. The ships are priced at around $80m each and are expected to … Read full article →