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Pan Ocean beats keen interest for Hanjin kamsarmax pair

Pan Ocean beats keen interest for Hanjin kamsarmax pair

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The last remains of South Korea’s Hanjin Shipping bulker segment that have been under the wings of lead creditor Korean Development Bank (KDB) are in the process of being sold.

Reports revealed to Splash show that two Japanese-built kamsarmaxes which attracted interest from more than 10 buyers have just been committed to compatriot owner Pan Ocean.

The ships believed sold are the Tsuneishi-built Hanjin Paradip and Hanjin Port Kamsar. The duo are believed to have fetched $42m en block.

Shipbroker Clarksons has handled the sale for KDB after winning the mandate for the sale of string of ships in November following stiff competition from other shipbrokers.

The sale follows yesterday’s news of three Hanjin capes being sold to Korea Line Corp and JP Morgan.

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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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