AsiaDry Cargo

Another United Ocean handy sold

Debris from the demise of Japan’s United Ocean Group has showed up again in sales registers. The five-year-old handy Global Arc was sold for $15.5m to compatriot owner Orient Marine.

According to MSI, the fair market value of the vessel is $15.3m and could rise to as much as $17.1m during 2020.

Trustees of the one-time Japanese mammoth have now sold around 40 ships since the company sought court protection in Tokyo at the start of 2016.

Online pricing portal VesselsValue shows that the outfit still has two ships, one 15-year-old supramax, the 54,400 dwt Dyna Voyager, and a seven-year-old PCTC, Morning Cara.

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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