Dry CargoGreater China

Agricore buys its first post-panamax

Hong Kong and Qingdao-based Agricore shipping is showing its financial muscle, sealing its second purchase in a very short time. 

Splash revealed last week that the bullish outfit had made its first purchase in a year, adding the 176,300 dwt Great Challenger for around $12.5m.

This week a second deal has come to light. Sources tell Splash that Agricore has raised close to $10m to add its first post-panamax, the nine-year-old 93,300 dwt LM Victoria from Liberty Maritime. 

Initially a charterer, Agricore’s business entered shipowning in 2018. Since then it has added two panamaxes, one post-panamax, one supramax and two capes. 

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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