Newly built Capesize bulker delivered to SG Capital

On December 22, 2008 a new Capesize bulker of 200,000 DWT for SG Capital was completed at the Universal Shipbuilding Corporation? Tsu Shipyard in Mie Prefecture. The ship will be engaged in a 15-year long-term contract for iron-ore transportation with the Shougang Corporation of China. A total of 2 million tons of iron ore will be transported annually from Western Australia

Many guests attended the naming ceremony at Tsu Shipyard, including Shougang Group Chairman Zhu Jimin, NYK Vice President Hiromitsu Kuramoto, and NYK Director Managing Corporate Officer Hidenori Hono, all of whom watched the ship set sail on its maiden voyage.<Korea Shipping Gazette>