Hanjin Shipping received its second very large ore carrier. Named "Hanjin Brazil", it is the company's second Very Large Ore Carrier (VLOC) of 300,000 ton-class. The ship is also under long-term contract with POSCO and will be deployed in the transportation of iron ore from Brazil to Korea.
Attending the naming ceremony held at Hyundai Heavy Industries in Ulsan, Korea, Dae-Hyoun Baek, Chief Executive of Hanjin Shipping's Bulk Division commented, "We are delighted with the delivery of our second ore carrier and that we secured long-term contract with one of the world's major clients, which will contribute to improving our profitability."
Meanwhile, Hanjin Shipping received its first Very Large Ore Carrier, "Hanjin Tubarao" back in March.