BHP is ratcheting back plans for LNG-fuelled newcastlemax bulker newbuildings — slashing the number of vessels and the proposed charter period by two-thirds.
The mining giant is now seeking offers on just five 208,000-dwt newbuildings, as opposed to the 14 it sought in a tender launched last year, industry players said.
It has also reportedly reduced the charter period on the vessels from 15 years to five.
