BW Dry Cargo snaps up another Japanese kamsarmax

BW Dry Cargo snaps up another Japanese kamsarmax

BW Dry Cargo is being linked with another kamsarmax buy. The dry bulk unit was created by BW Group this April to focus on bulkers ranging in size from 50,000 dwt to 85,000 dwt and has since scoured the markets to build up a fleet fast.

Sources tell Splash BW Dry Cargo has paid Mitsubishi Corporation $14m for the 81,500 dwt Mighty Sky. The bulker was built in Japan six years ago.

Japanese dry bulk tonnage has been in huge demand this year, with any ship coming on the market generally receiving a double digit number of inspections from owners around the world.

Suggesting the deal was done, Christian Bonfils, the ceo of BW Dry Cargo, would not be drawn on prices, telling Splash today: “I can’t comment on prices, but confirm that we have bought five vessels.”

The fleet list on BW Dry Cargo’s website now registers five vessels totalling 389,200 dwt.

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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