Subscribe to RSS feedBHP Billiton places large capesize order as prices rise
AFTER deciding nearly 15 years ago to exit shipowning and focus solely on mining, BHP Billiton has joined the growing number of resource giants now looking to order cheap new tonnage from Asian shipyards.
The world’s third-largest iron ore producer and largest coking coal exporter has ordered six 205,000 dwt bulk carriers from Hyundai Heavy Industries, according to industry reports.
BHP Billiton declined to comment about the large capesize order, with London broker Clarksons...
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