Samsung Wins $45-Million Contract To Build Huge Bulker For Australian Firm

Samsung Shipbuilding and Heavy Industries Company of South Korea has signed a final contract to build a large bulk carrier for Broken Hill Proprietary Company of Australia. Under the contract, Samsung will construct a 220,000-dwt coal/ore/bulk carrier at its Koje shipyard for delivery in March 1986. The value of the contract is $45 million, which will be paid on a cash basis. This is the second major contract gained by the Korean yard this year.

The mammoth vessel will have an overall length 1,033.5 feet, beam of 180.5 feet, depth of 82 feet, and draft of about 60 feet. Main propulsion will be provided by two Sulzer diesel engines, each with a maximum continuous rating of 12,400 bhp, driving two controllable- pitch propellers. Service speed will be 14.3 knots.

The State-owned Pohang Iron and Steel Company, Korea's largest steel mill, has agreed to guarantee the Australian owner one million tons of iron ore cargoes annually for three years after delivery of the vessel. The freight rate is said to be $6.4 per ton.

Other stories from September 1984 issue


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