Japanese bulk carrier specialist Oshima Shipbuilding won an order today to build a 60,000 dwt bulk carrier for Jinhai Marine Inc.
Contract price for the new vessel is USD $29.1 million and delivery is planned for 31 March 2016. 70 percent of the contract value will be bank-financed according to Jinhai.
Upon delivery Jinhai notes that they intend to charter out the vessel.
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Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk.
North Korea has begun a full-scale investigation into the accident that occurred during the launch of a warship this week, state media KCNA reported on Friday.
A major accident occurred on Wednesday during the launch of a new North Korean warship while Kim Jong Un was attending the event, with the isolated state's leader calling it a "criminal act" that could not be tolerated, state media KCNA reported.
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