H-Line (Hanjin spin off) buying newcastlemax

South Korean based H-Line which was established 2 years ago from Hanjin Shipping’s Bulkers was spun off, is planning to buy 2 two newcastlemax newbuildings under construction in China for Wilbur Ross’s Transport Recovery Fund (TRF). South Korean based H-Line buying 2 two newcastlemax newbuildings for $34 million each. South Korean based H-Line is  targeting new contracts from Korean POSCO and KEPCO. South Korean based H-Line has 21 Capesize Dry Bulk Carriers in its fleet. In 2016, H-Line sold M/V Pos Bravery, M/V Pos Ambition and M/V Goodwill for scrap.