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Minsheng Financial Leasing makes bulker return

Minsheng Financial Leasing makes bulker return

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Beijing-headquartered Minsheng Financial Leasing has snapped up its first reported bulker deal in a couple of years.

It has taken the Tsuneishi-built, 82,000-dwt United Galaxy for $20.5m in a bank driven sale from trustees of the once mighty Japanese owner United Ocean Group.

The ship was reported sold the same day it was put up for sale as many Japanese-built sales candidates are these days.

VesselsValue shows Mingsheng has a fleet of 26 bulkers and another seven to deliver. It also has boxships and tankers.

Two more United Ocean ships are expected to be sold this week too.

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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.

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