U-Ming wins first charter contract in Anglo American's capesize bulker spree

Anglo American poised to award more charter contracts of LNG-fuelled newbuildings at a later stage

25 September 2020 13:06 GMT Updated 25 September 2020 13:06 GMT

By Irene Ang

and Lucy Hine

in Singapore and London

Taiwan’s U-Ming Marine Transport has been tipped to win the first round of charter contracts from Anglo American in the UK miner's efforts to build a fleet of LNG-fuelled capesize bulkers.

Several shipping sources said London-based Anglo American has picked U-Ming over six other shipping companies to own four of the 187,000-dwt bulkers that will be built at Shanghai Waigaoqiao Shipbuilding (SWS).