H-Line Shipping

South Korean shipowner and operator H-Line Shipping and Singapore-based shipowner and operator Eastern Pacific Shipping (EPS) have established a joint venture won Rio Tinto’s charter tender for twelve (12) large LNG-fuelled bulk carrier new-buildings. H-Line Shipping will order three (3) firm 210K DWT LNG-fuelled newcastlemax bulk carrier new-buildings with three (3) options. Eastern Pacific Shipping (EPS) will order three (3) firm 210K DWT LNG-fuelled newcastlemax bulk carrier new-buildings with three (3) options. Rio Tinto is the third mining company, after BHP and Anglo American, to move into LNG-fuelled bulk carrier new-buildings. Rio Tinto is going to charter in the 210K DWT LNG-fuelled newcastlemax bulk carrier new-buildings for five (5) to seven (7) years with options to extend from H-Line Shipping and Eastern Pacific Shipping (EPS). 210K DWT LNG-fuelled newcastlemax bulk carrier new-buildings will carry iron ore from Australia to China. South Korean shipowner and operator H-Line Shipping and Singapore-based shipowner and operator Eastern Pacific Shipping (EPS) will start to take delivery of 210K DWT LNG-fuelled newcastlemax bulk carrier new-buildings in Q3 2023. H-Line Shipping and Eastern Pacific Shipping (EPS) will pay $67 million for each 210K DWT LNG-fuelled bulk carrier new-building. In 2018, South Korean shipowner and operator H-Line Shipping ordered two (2) 180K DWT LNG-fuelled capesize bulk carriers at Hyundai Samho Heavy Industries on the back of long-term charters to POSCO. 14-April-2021

 

South Korean shipowner and operator H-Line Shipping send demolition 1993 built capesize bullk carrier 208K DWT MV Pos Dedicator for about $10 million to Pakistan Scrapyard. Furthermore, H-Line Shipping send demolition 1992 built capesize bullk carrier 149K DWT MV Pos Harvestor for around $7 million to Pakistan Scrapyard. Earlier in 2017, South Korean shipowner and operator H-Line Shipping sold three (3) capesize dry bulk carriers for demolition. 3-December-2017

 

Seoul based H-Line Shipping send demolition 1992 built capesize dry bulk carrier 148K DWT MV Pos Challenger for $375 per ltd (light displacement tonnage) or $6.6 million to Indian Scrapyard. Demolition ship prices falling and recently dry bulk carriers were sold for close to $400 per ldt (light displacement tonnage). In April 2017, shipowner and operator H-Line Shipping sold similar1992 built capesize bulk carrier 151K DWT for $398 per Idt (light displacement tonnage) or $7 million. Currently, Korean shipowner H-Line Shipping is a dominant capesize operator and has a fleet of 32 ships. 7-May-2017

 

South Korean based H-Line Shipping, which was established two (2) years ago from Hanjin Shipping’s Bulkers was spun off, is planning to buy 2 two newcastlemax new-buildings under construction in China for Wilbur Ross’s Transport Recovery Fund (TRF). South Korean based H-Line Shipping is going to buy two (2) newcastlemax new-buildings for $34 million each. Seoul based shipowner H-Line Shipping is targeting new contracts from Korean POSCO and KEPCO. Currently, H-Line Shipping has 21 capesize bulk carriers in its fleet. In 2016, H-Line Shipping sold MV Pos Bravery, MV Pos Ambition, and MV Goodwill for scrap. 14-August-2016