AsiaDry Cargo

Berge Bulk takes Bohai newcastlemax options

Photo of Sam Chambers Sam ChambersMarch 20, 2019
18 Less than a minute
Berge Bulk

James Marshall-led Berge Bulk has exercised options for two newcastlemaxes at Bohai Shipbuilding in the north of China. The 208,000 dwt Tier II ships have been contracted at a very competitive price of just $45m each, according to broking sources. The ships will deliver promptly next year.

Singapore-based Berge Bulk is one of the world’s biggest owners of large bulkers with 58 ships trading and another five on order.

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Photo of Sam Chambers Sam ChambersMarch 20, 2019
18 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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