Dry CargoMiddle East

Aswan swoops for another Japanese post-panamax bulker

Qatar limestone specialist Aswan Trading and Contracting has acquired another Japanese-built post-panamax bulker, according to brokers.

Advanced Shipping & Trading are reporting that Aswan has acquired the 2002-built Tatsuki Maru from Hachiuma Steamship, paying low to mid $8m for the Imabari Marugame-built vessel. The price is in line with MSI’s valuation of $8.4m.

Splash reported last month that Aswan forked out a little over $11m to Korea’s Hyundai Glovis for the 2004-built post-panamax Glovis Donghae.

Aswan will have a fleet of four vessels upon completion of the deals, with one handysize bulker and one post-panamax bulker currently on its books.

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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