Korean Register to keep Vale class in wake of Stellar Daisy loss

Korean Register of Shipping (KR) is to retain the classification services for part of a series of VLOC newbuildings to be chartered by Vale, according to classification sector sources.

The move appears to be a vote of confidence in the classification society following the loss of the 266,100-dwt Stellar Daisy (built 1993) through suspected structural failure in March last year.