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Trade & Logistics

16 September 2026

Wooyang lines up $430m Vale-backed newcastlemax quartet

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Source reporting: Splash247

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Wooyang lines up $430m Vale-backed newcastlemax quartet

South Korea’s Wooyang Shipping has ordered four newcastlemax bulk carriers at China’s New Times Shipbuilding for long-term employment with Brazilian mining giant Vale. The 210,000 dwt ships are scheduled for delivery in 2029 and 2030 and will be capable of running on ethanol, methanol and conventional fuel oil. Industry estimates put the price at around …

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