Austbulk stays active at the auction table

Austbulk stays active at the auction table

Broker registers that Splash has access to show that Malaysian bulk player Austship who was the highest bidder for a ship laid up after arrest since November last year, finally got its bid approved.

The 76,000 dwt Newlead Victoria was sold at an auction arranged by Malaysian authorities at the beginning of March with Austbulk’s $3.67m initial bid rejected before it raised it and won the ship in a $5.5m deal.

The family owned shipowner has also just spent $6.5m for the 75,000 dwt Orsolina Bottiglieri.

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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