Dry CargoEurope

Louis Dreyfus snaps up bulker pair

Photo of Sam Chambers Sam ChambersMarch 9, 2015
6 Less than a minute

Paris: Louis Dreyfus Armateurs (LDA) has snapped up a pair of just-built bulkers for a very reasonable price. LDA paid $17.5m each for the Crescent Star and Moon Star, two sister 40,600-dwt bulkers, delivered this year from China’s Zhoushan Yangfan yard, according to a report from Seasure Shipbroking.

The online ship pricing platform, VesselsValue.com, gives the two new ships a price of $19.5m each. LDA bought the ships from Middle Eastern outfit Transbulk Management.

Broking sources tell Splash that LDA, one of the world’s top grain charterers, is looking to build up a much larger owned fleet, taking advantage of cheap secondhand ship prices.

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Photo of Sam Chambers Sam ChambersMarch 9, 2015
6 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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