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British owners head to China for bulkers

Photo of Sam Chambers Sam ChambersApril 17, 2018
21 Less than a minute

A pair of British owners have gone to China in bulker buying mode.

Brokers report that family owned Hadley Shipping has placed an order at Yangzijiang Shipbuilding for a pair of 82,000 dwt kamsarmaxes. Both vessels have Tier II specifications and were committed at $26.25m with delivery due next year.

Meanwhile, another British owner, Graig Shipping, is reported via numerous broking outlets as signing a deal with Wuhu Shipyard for four 63,000 dwt ultramaxes. The quartet are costing $25m each and come with delivery dates in the first half of 2020.

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Photo of Sam Chambers Sam ChambersApril 17, 2018
21 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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