China’s SWS delivers LNG-powered bulker to Anglo American

China’s Shanghai Waigaoqiao Shipbuilding said it had delivered the LNG-powered bulk carrier, Ubuntu Sincerity, to mining giant Anglo American.

This is the third 190,000-dwt LNG dual-fuel bulk carrier SWS delivered to Anglo American, it said in a statement on Tuesday.

In May last year, Anglo American named two 299.88 meters long LNG-powered bulk carriers, Ubuntu Empathy and Ubuntu Humanity, at SWS.

Anglo American’s shipping unit ordered six vessels directly at SWS in 2021 for about $60 million per vessel.

However, the firm sold Ubuntu Humanity, Ubuntu Empathy, Ubuntu Sincerity, and Ubuntu Liberty to China’s Bank of Communications Financial Leasing in December 2022 and took them on charter, according to VesselsValue data.

The firm also sold the two other vessels, Ubuntu Community and Ubuntu Unity, to Greece’s Maran Dry Management, part of Angelicoussis Shipping Group, and took them on charter, the data shows.

Besides these six vessels, SWS also delivered four LNG-powered bulkers to Taiwan’s shipowner U-Ming and these vessels serve charter deals with Anglo American as well.

In January last year, Anglo American said that the company’s first chartered LNG-powered bulker, Ubuntu Harmony, had loaded its first cargo of iron ore in South Africa.

Anglo American said at the time it expects to introduce all of the ten vessels to its chartered fleet by the end of 2024.

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