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BW Dry Cargo adds second kamsarmax

BW Dry Cargo has snapped up its second vessel in a week, pouncing on Japanese-built kamsarmax Key Boundary from Shunzan Kaiun.

The 2010-built vessel has been acquired for $13.7m according to sources, slightly more than the $12m BW paid last week for the 2010-built kamsarmax Meteor which was subsequently renamed to BW Acorn and chartered out to Glencore.

Last week’s bit of business was the first for BW Dry Cargo, a new affiliate of the BW Group, bringing the Andreas Sohmen-Pao led company back into dry bulk for the first time in a decade.

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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