Symphony ups the tempo with asset play

Symphony ups the tempo with asset play

Little known Bangladeshi company Symphony has doubled its money in just over a year in its first asset play.

Broking sources tell Splash that it’s just flipped a ship it bought in July last year, one of three bulker handies it bought in 2016.

Last year it took the 48,000 dwt Blue Sapphire from Greece’s Diversified Shipping for $3.3m.

The ship was renamed as Worldera 2 and has just been taken by unspecified Chinese interests for $7.4m.

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.

Related Posts