South Korean steelmaker Posco is looking to transform its fleet of capesize bulkers that ship iron ore from Australia with up to 20 dual-fuel newbuildings.
Posco, formerly Pohang Iron & Steel Co, is planning to spread the fleet-replacement programme over several years, taking on two newbuildings each year, shipbuilding sources said.
“Apparently, they [Posco] are looking at replacing the capesize vessels over a period of time...
