Aquaship makes hefty profit on asset play to GoodBulk

Aquaship makes hefty profit on asset play to GoodBulk

Brokers say Riga-based Aquaship has made a healthy profit on the Oshima-built, 55,000 dwt Admiral Schmidt that has fetched $9.9m from GoodBulk.

The ship was purchased as Federal Baffin from Doun Kisen of Japan for $7.7m in July.

Aquaship is more known for its involvement in reefers, not for bulkers, and the sale appears to be an exit from bulker sector. GoodBulk on the other hand is on the hunt for more bulkers. The company is connected to Monaco’s CTM and parent company Ceres Group and has an aim to build a fleet fast, adding bulkers in all sizes no older than 15 years of age.

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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