Splash 247

Campbell exiting supramax sector

Campbell exiting supramax sector

Array
(
    [0] => WP_Term Object
        (
            [term_id] => 80
            [name] => Asia
            [slug] => asia
            [term_group] => 0
            [term_taxonomy_id] => 80
            [taxonomy] => category
            [description] => This is the Splash 24/7 news archive related to the Asian Region. News are sorted by release date, from the latest to the oldest.

Find here the updated list of the latest news about Asia. Browse Splash 24/7 for more maritime and shipping news.

            [parent] => 55
            [count] => 6590
            [filter] => raw
            [cat_ID] => 80
            [category_count] => 6590
            [category_description] => This is the Splash 24/7 news archive related to the Asian Region. News are sorted by release date, from the latest to the oldest.

Find here the updated list of the latest news about Asia. Browse Splash 24/7 for more maritime and shipping news.

            [cat_name] => Asia
            [category_nicename] => asia
            [category_parent] => 55
        )

    [1] => WP_Term Object
        (
            [term_id] => 57
            [name] => Dry Cargo
            [slug] => dry-cargo
            [term_group] => 0
            [term_taxonomy_id] => 57
            [taxonomy] => category
            [description] => Stay updated on what's going on in the Dry Cargo sector while browsing the Dry Cargo news archive. 

Find the latest maritime and shipping news on Splash 24/7.
            [parent] => 54
            [count] => 2087
            [filter] => raw
            [cat_ID] => 57
            [category_count] => 2087
            [category_description] => Stay updated on what's going on in the Dry Cargo sector while browsing the Dry Cargo news archive. 

Find the latest maritime and shipping news on Splash 24/7.
            [cat_name] => Dry Cargo
            [category_nicename] => dry-cargo
            [category_parent] => 54
        )

)

Campbell Shipping is close to sealing a deal for the sale of a pair of Chinese supramaxes, brokers tell Splash. The sale of the ships that’s been with the owner since they delivered marks an exit from the supramax segment for the owner.

The pair have been on the market for months. Before the summer the 2010-built CS Soraya and CS Sonoma were reported available for inspections at several locations and back then the ships were expected to fetch around $12m. However, the vessels have now gone for slightly less, at $10.7m each.

Campbell has a healthy fleet of 13 ships with a fleet average age of five years, resulting from newbuilding activity both in China and Japan. Campbell has continually been renewing its fleet and has focused on selling ships. Its last secondhand purchase was in 2009.

Turkish bulk player Densay is tipped to be the taker of the ships. The bulkers are a fine fit looking at Densay’s fleetlist, which counts 10 similar sized and aged ships to the Campbell pair.

Share this article

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.

Related Posts

1 Comment

  1. Andrew
    September 21, 2017 at 4:51 pm

    Who is behind Campbell?
    They are based in Bahamas from what I have heard, but I can’t say I know much about them.

    I do recall seeing that they have a few ships onto Clipper and a few onto Transatlantica Commodities or Skylight Maritime (the operating arm of Nibulon, Ukrainian Grainhouse, according to some).