Anglo American Becomes Shipowner With Dual-fuel Capesize Duo Order

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Anglo American orders construction of two LNG dual-fuel capesize bulk carriers at Waigaoqiao Shipbuilding, says an article published in Splash 247.

Anglo American becomes a shipowner

Global mining group Anglo American is to become a shipowner, placing an order at Waigaoqiao Shipbuilding for the construction of two LNG dual-fuel capesize bulk carriers.

Dual-fuel bulker

LNG

The 187,000 dwt ships will adopt LNG as their primary fuel and diesel as a secondary fuel. Delivery of the ships are scheduled in 2023.

Chartered fleet

Anglo American operates a chartered fleet of around 30 bulkers. Last November, Taiwanese owner U-Ming ordered four 187,000 dwt bulkers at Waigaoqiao for a 10-year charter contract with Anglo American.

Investments

In the meantime, Anglo American announced plans to invest up to $330m in its Brazilian operations this year, most of which will be allocated to increase the productivity of its flagship Minas-Rio iron ore complex.

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Source: Splash 247