One of Southeast Asia’s most prolific buyers of bulkers from 2014 to 2016 has decided the time is right to reenter buying mode. Tan Binh, a private Vietnamese owner, has added the vintage 21,550 dwt Luxury SW bulker for $4.2m from Shih Wei Navigation.
bulker for $4.2m from Shih Wei Navigation.The 1999-built ship has already been renamed Tan Binh 236 and is busy carrying cargo for its new owners.
Last year Tan Binh made headlines for making a tidy profit on its first asset play as an owner, selling the 10-year-old 28,733 dwt Tan Binh 139 to Penna Cement Industries for $7.85m. Tan Binh had bought the ship in December 2015 for $6.3m.
Interesting – slight mistake on the dwt of the Luxury SW, she is in fact 23,519 mt dwt.