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Credit: Sinokor
South Korean intra-Asia carrier Sinokor Merchant Marine has confirmed it has ordered four 2,500 teu ships at compatriot shipbuilder Hyundai Mipo Dockyard (HMD).
The ships, at more than $160m, will be delivered between the second half of 2023 and end of 2024.
Sinokor plans to deploy the ships on services between South Korea, Vietnam and Indonesia, as freight rates on these routes have doubled over the past year.
Rates from South Korea to Vietnam and Indonesia went up by 3% and 10% respectively ...
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