Privately held Bangladeshi concern SR Shipping has targeted yet another Japanese-built supramax.
Again the handymax specialist has picked up a Tsuneishi-built ship, brokers say. The busy owner has just paid $6.5m for the 2007-built Tensei Maru, a price almost identical to what online portal Vesselsvalue.com values the ship ship at. The growing owner is in the middle of a fleet renewal process, taking advantage of the record low secondhand prices, showing a preference for Japanese built ships around 10 years of age.
A couple of weeks back the Bangladesh owner took the same sized but two year older 52,500 dwt Triple Star for just under $6m.
In-between the Triple Star and Tensei Maru, the Bangladeshi bulker owner has been knocking on the doors of another prominent Japanese owner busy selling ships, Nisshin Shipping. SR Shipping snapped up the eight-year-old Oshima built Aston Trader II for $6.8m from Nisshin.
Media shy SR Shipping is part of the Kabir Group, a diverse Bangladeshi conglomerate. It has around 10 ships managed by subsidiary, Brave Royal.