Dry CargoEurope

Alycon sells capesize to new Chinese entrant

One of Greece’s oldest shipowning outfits, Alcyon Shipping, has completed a rare move in the S&P markets, selling its oldest cape, the 2002-built Bluemoon, for $15.5m.

The ship will be delivered to Chinese bulker player, Yonghang Shipping, shortly. With this purchase, Zhoushan-based Yonghang has now entered the cape sector for the first time. The company was established seven years ago.

It’s rare to see Alcyon selling ships, this cape sale being only its second move in the secondhand market since 2008. Alcyon has six more young Japanese-built capes in its fleet.

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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