Japan’s K Line has ordered a 206,000-dwt capesize newbuilding at Imabari Shipbuilidng under a long term contract with JFE Steel and won long term freight deals for two more of its newbuildings.

The Imabari newbuilding will be delivered in 2014 and sail into a 15 year time charter with JFE, Japan’s biggest steel maker. No price has been given for the contract.

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