Dry CargoEurope

Basile Aloy makes quick profit on ultramax trade

Basile Aloy-led Ebe has pulled off one of the finest asset plays of the year. Brokers tell Splash that Ebe is selling the 2016-built ultramax La Lama. The 61,000 dwt bulker is reported sold for a little over $26m.

The young bulker had just enough time to change its name and re-register to the Belgian flag before it will be shipped out again. The ship was bought from Monaco’s Eneti, formerly Scorpio Bulkers, in late February. Eneti offloaded the 2015-built SBI Cronos and the one year younger SBI Achilles, now named La Lama, for around $40m. The ships ended up with two different owners.

Aloy formed Ebe in 2016, after his mother sold her 16% share in Compagnie Maritime Belge (CMB) to Aloy’s uncle Marc Saverys. Ebe has since then built up a fleet of Japanese bulker tonnage.

VesselsValue data shows Ebe has a capesize and five ultramaxes with an average age of just three years.

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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