Dry CargoGreater China

Agricore Shipping behind acquisition of PCL bulker

Qingdao-based Agricore Shipping has acquired its second bulker, and looks set to add a third, having arrived onto the shipowning scene almost totally unnoticed.

Agricore is behind the $9m acquisition of 2005-built post-panamax bulker Alam Pintar from Singapore’s PCL. Initially brokers reported the deal with the seller identified as “Chinese buyers”, but the vessel is now part of the Agricore fleet under the name ASL Jupiter.

Late last year Agricore made its first acquisition, bringing in the ASL Venus, formerly Hai Jing, a 2001-built panamax bulker which was previously owned by ICBC Financial Leasing.

The company’s website also lists a third bulker, the 57,000 dwt ASL Mercury, however the vessel has yet to register on either Equasis or VesselsValue.

Agricore Shipping was established in 2015 in Hong Kong, but operates from Qingdao, and has a focus on grain shipping from South America/US Gulf to the Far East. It is also engaged in coal, ore, fertilizer and other commodities transportation.

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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