Cash-rich Korea Line Corp (KLC) has acquired half-a-dozen resale supramax-bulker newbuildings for more than $264m.

The Seoul-based company confirms that STX Shipbuilding's new yard in Dalian, STX Dalian, will deliver the vessels in 2009 and 2010.

Shipping players say KLC bought the 58,000-dwt vessels from Hong Kong-based Parakou Shipping for $44m to $45m each. But the South Korean owner declines to comment on the price and the seller's identity.

If it is true Parakou was the seller, the company is set to make a total profit of at least $30m as it was said to have contracted the newbuildings in March at $39m each.

Officials