The Korea Herald

피터빈트

Korea Line signs charter contract worth W78b

By 박윤아

Published : Sept. 30, 2016 - 14:43

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[DISCLOSURE] Korea Line (005880) announced on Sept. 30 that it has signed a 77.89 billion won (US$70.53 million) charter contract with a ship owner in Asia. The contract amount is equivalent to 14.65 percent of the company’s consolidated sales last year. The contract lasts from April 30, 2017 to June 29, 2024.

The company also announced that it has decided to invest 66.8 billion won in building two 50,000 DWT (dead weight tonnage) bulk carriers. The ship delivery date is June 30, 2017.

By Park Yuna (yunapark@heraldcorp.com)