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HHI secures order for five VLOCs from Polaris

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Dry Bulk,

Hyundai Heavy Industries (HHI) announced today has signed a US$400 million worth contract to build five 325 000 DWT VLOCs (Very Large Ore Carrier) with Polaris Shipping.

It is the option exercised following the contract of ten same class VLOCs with Polaris Shipping on 25 September.

HHI Group’s shipbuilding affiliates have so far, this year won new orders of 110 ships worth US$6.7 billion, 90% of the US$7.5 billion annual target.

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