Bangladeshi bulker player linked to first tanker buy

Bangladeshi bulker player linked to first tanker buy

Chittagong-based SR Shipping has been linked to its first tanker as it continues its bargain basement hunt for cheap tonnage.

Brokers note that SR Shipping, one of the most active outfits in South Asia this year, has added the 8,831 dwt chemical tanker Dong-A Rigel from Korea´s Dong A Tanker for some $12m.

SR Shipping is subsidiary of the Kabir Steel Group, which also has another shipping arm Mariners Associate, the outfit is also known as Brave Royal Shipping, who handles its management.

So far this year the Bangladesh owner has added more than a handful off ships, around ten years of off age in the larger handymax segment, modernising its fleet to access India’s expanding coal trade.

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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