BW Dry Cargo makes first purchase of the year

BW Dry Cargo makes first purchase of the year

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.

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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