BW Dry Cargo has bought its first ship of the year, taking a capesize.
BW Dry Cargo has paid Japan’s Kambara Kisen $29.5m for the eight-year Tenshu Maru, a figure in line with MSI’s fair market value of $29.7m for the 179,000 dwt ship.
This marks the second cape for BW Dry Cargo, a company initially founded to focus on mid-sized bulkers. The Sohmen-Pao-controlled company’s last purchase was 12 months ago when it moved for its first cape from Swiss Marine.