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Sri Lankan cement firm doubles fleet size

Sri Lankan cement firm doubles fleet size

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A Sri Lankan cement manufacturer has doubled the size of its fleet in a matter of weeks. Tokyo Cement, Sri Lanka’s first privately owned cement manufacturing company, has taken two handysizes in quick succession to go alongside its existing handy pair.

As reported yesterday, the company – founded initially as a Japanese – Sri Lankan joint venture in 1982, took the 28,700 dwt Tan Binh 139 for $7.85m. Splash now understands Tokyo Cement has taken the 35,000 dwt New Creation, a ship that used to belong to Hsin Chien Marine, for $9.2m.

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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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