Dry CargoEurope

A supramax out and capesize in at Songa Bulk

Songa Bulk has announced the sale of its 2009-built supramax bulker Songa Marlin, booking a $2m profit in the process. Brokers have identified Bangkok-based Thoresen Thai as the taker of the ship. 

The vessel was bought from Japan’s Kambara Kisen in November 2016 for $11.85m.

The Arne Blystad’s dry bulk outfit had revealed it was in the process of selling the vessel last week, while announcing an $18m tap issue to raise funds for acquisitions.

The $18m and proceeds of the supramax sale have allowed the company to acquire a six-year-old Korean-built capesize, keeping the Songa Bulk fleet at 15 vessels in total.

Songa Bulk expects to deliver the supramax to its new owners by mid-November while the capesize will be delivered by mid-January 2018.

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.
Back to top button