The Southeast Asian owner, Oceanic Container Lines, Inc (OCLI) from the Philippines, has rescued to two smaller multipurpose ships from the breakers, sources tell Splash.
The outfit has spent some $2m for the 1996-built 5,000 dwt Niu Ailan Coast and sister Niugini Coast from another shortsea expert, Consort Express Lines of Papua New Guinea.
The buyer, OCLI, is a domestic specialist with almost 20 years experience in the liner business, focusing mostly on building up a small fleet of MPP vessels.
The seller of the two ships, Consort Express Lines, owns and operates a fleet of geared, multipurpose vessels that links Papua New Guinea with Australia.
