Songa Bulk acquires Japanese-built kamsarmax

Songa Bulk acquires Japanese-built kamsarmax

Arne Blystad’s Songa Bulk has announce the acquisition of a 2012-built kamsarmax bulker to bring its fleet up to 15 vessels.

The 82,188 dwt Tsuneishi-built vessel is scheduled for delivery next month.

The new addition gives Songa Bulk a fleet of 15 vessels, 10 of which are kamrsarmaxes, having invested a total of $279.7m.

“We still find the risk reward ratio attractive in the dry bulk space and we expect to add additional vessels to our fleet shortly,” Blystad said last month as Songa Bulk raised $45m via a tap issue to fund further vessel acquisitions.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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2 Comments

  1. Andrew
    September 21, 2017 at 4:54 pm

    It’s the “Atlantic Moon” I heard, contrary to TW nothing to do with Bottiglieri but it’s a Mitsubishi controlled unit…
    Was done off-market in similar vein to the 81,000 dwt Atlantic Prime (renamed Bacco) which was sold recently to the Belgians EBE Shipping.
    Incidentally the new EBE acquisition kamsarmax Bacco fixed short period with their compatriots Cobelfret, at $13,000 per day.

    1. Grant Rowles
      Grant Rowles
      September 21, 2017 at 10:18 pm

      Hi Andrew, saw this also but unable to confirm it was this vessel, and yes Bottliglieri sold it to the Japanese a long time ago.