Korea-based Hyundai Mipo Dockyard has received a $160m order to deliver Panamax-bulker newbuilds to Russian shipping company Novoship.
Novoship placed an order for four 75,000dwt newbuilds for delivery in 2013.
The price of the ships has not been disclosed, but is estimated at about $40m a vessel, according to asiasis.com.
Novoship placed an order for four 75,000dwt newbuilds for delivery in 2013.
The price of the ships has not been disclosed, but is estimated at about $40m a vessel, according to asiasis.com.