Berge Bulk acquires HNA capesize

Berge Bulk acquires HNA capesize

Singapore-based bulker owner Berge Bulk has acquired a 2014-built capesize bulker from Shanghai HNA Marine Shipping, a shipping unit of HNA Group.

According to shipbroking sources, Berge Bulk took over the Jinhai Heavy-built 176,000 dwt Bulk Success for a price of $24m. MSI values the vessel at $30.1m.

HNA has been downsizing its owned fleet recently, having sold three 2015-built panamax bulkers FH Fang Cheng, FH Ri Zhao and Zhen Bang to CDB Leasing for a total of $45m.

Following the sale, Shanghai HNA Marine Shipping’s fleet will have 12 bulkers.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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