U‑Ming orders two very large ore carriers from China’s Qingdao Beihai Shipbuilding
Taiwan's U-Ming Marine Transport has ordered two 325,000 deadweight tons Very Large Ore Carriers (VLOC) from China’s Qingdao Beihai Shipbuilding Heavy Industry. U-Ming informed that the VLOC ships will be with a “LNG-Ready” design for retrofitting to “Dual-Fuel” in the future, in its aspiration to be a leading eco-friendly shipping company.The vessels are expected to be delivered in 2020. Each vessel will be equipped with a state-of-the-art an eco-efficient main engine, SO2 scrubber features, digital optimization systems, and comply with the International Maritime Organisation’s 2020 sulphur cap of 0.5% with effect from 2020. "These environmentally responsible vessels adhere to the latest international maritime regulations which provide green shipping to our customers with significantly reduced greenhouse emissions," said a statement from the company. This order is to facilitate U-Ming Marine Transport (Singapore) new 25-year contract with Vale International SA of Switzerland. The Contract of Affreightment (COA) is the biggest and longest commitment in U-Ming’s history and the total contract value is anticipated to be more than US$600 million with a bunker adjustment clause.