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.
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.
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.