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Abo Shoten returns to Kambara Kisen for supramax buy

Photo of Grant Rowles Grant RowlesNovember 4, 2019
41 Less than a minute

Japanese owner Abo Shoten, which this year is celebrating its 60th anniversary, has acquired 2016-built Tsuneishi supramax Fortune Symphony, according to broking sources.

Both Seasure Shipbroking and Advanced Shipping & Trading are both reporting that Abo Shoten has forked out $20.8m to compatriot owner Kambara Kisen for the vessel. The price is slightly under the VesselsValue market value of $21.1m.

According to Abo Shoten’s website, it currently has six supramaxes in its fleet.

The company’s last supramax addition, in November 2018, was also acquired from Kambara Kisen. It paid $19.3m for the 2014-built (Tsuneishi Cebu) Majulah Singapura, which has since been renamed ASL Era.

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Photo of Grant Rowles Grant RowlesNovember 4, 2019
41 Less than a minute
Photo of Grant Rowles

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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