Broker registers that Splash has access to show that Malaysian bulk player Austship who was the highest bidder for a ship laid up after arrest since November last year, finally got its bid approved.
The 76,000 dwt Newlead Victoria was sold at an auction arranged by Malaysian authorities at the beginning of March with Austbulk’s $3.67m initial bid rejected before it raised it and won the ship in a $5.5m deal.
The family owned shipowner has also just spent $6.5m for the 75,000 dwt Orsolina Bottiglieri.