H-Line Shipping of South Korea has ordered two LNG dual-fuel newcastlemax bulk carriers at China's New Times Shipbuilding, marking its return to the dry bulk newbuild market. The 210,000 dwt vessels are tied to long-term charter commitments with steel producer POSCO, with industry sources cited by Splash pricing each ship at roughly $94 million, for a combined outlay of about $188 million. Deliveries are scheduled for 2030. The order deepens a relationship dating to 1972, when H-Line's predecessor began a dedicated transport arrangement with Pohang Iron & Steel, now POSCO. More than 90% of H-Line's active bulk fleet consists of owned vessels, and the company currently operates 42 bulkers, with POSCO remaining a core client alongside KEPCO, Hyundai Steel and Vale. New Times has also been a frequent shipyard partner, having built 208,000 dwt newcastlemaxes for H-Line and other Korean owners tied to Vale iron ore volumes since 2018-2019. The new vessels extend H-Line's early adoption of LNG propulsion in large bulk carriers, following two 180,000 dwt LNG dual-fuel capesizes ordered in 2018 under POSCO contracts and an order for up to six 208,000 dwt LNG-fuelled newcastlemaxes in 2021 linked to Rio Tinto employment. The order comes as H-Line undergoes a broader fleet restructuring. Private equity backer Hahn & Co is transferring 16 LNG carriers and associated charters from H-Line to affiliate SK Shipping, while H-Line receives 11 VLCCs, one MR tanker, and about $300 million in cash, expanding its tanker business alongside continued investment in dedicated dry bulk operations.