Iason Hellenic Shipping Co. Ltd (IHS) has reached an agreement with Zhejiang Ouhua Shipbuilding Co. Ltd in China for the construction of an 82,000 dwt Kamsarmax dry bulk vessel to be delivered in Q2 2012. Hull Nr. 620 has been designed and will be constructed under the auspices of Lloyd’s Register of Shipping.

The vessel will be managed by IHS, will be registered under the Maltese flag and it is expected to be deployed primarily in coal trades servicing the buoyant Chinese demand for coal.

Incorporated in 2004, Zhejiang Ouhua Shipbuilding Co. Ltd owns and operates one of the most modern Chinese shipyards. The shipyard is located in the Zhoushan Province on the shore of the East China Sea and in China's rapidly developing Yangtze River Delta near Hangzhou Bay and Beilun, the largest port in Eastern China. The yard currently operates under ISO-9001:2008 QMS,

OHSAS-18001:2007 OHSMS and ISO-14001:2004 EMS certifications issued by Lloyd’s Register of Shipping. It has been recognized with several awards such as "Top 50 Chinese Non-governmental Enterprises in International and Comprehensive Competitiveness", "National High-Tech Enterprise" and is included in the Top 500 Chinese Import-Export Enterprises.

Iason Hellenic Shipping Co. Ltd is a leading international transporter of dry bulk commodities at sea and ship management firm established in 1983. IHS provides a full suite of commercial, technical, crew and other ship management services to its principals and through its managed fleet, has transported over 30 million tonnes of dry bulk commodities on behalf of a wide range of distinguished charterers.