BW Dry Cargo takes ultramax resale

BW Dry Cargo takes ultramax resale

The very rapid build up of the BW Dry Cargo fleet continues with brokers linking it to a J Lauritzen controlled ultramax resale.

BW Dry Cargo, founded on April 1 to take advantage of low prices of ships ranging from 50,000 dwt to 90,000 dwt, is reportedly paying $18.3m for a 61,000 dwt ship set to deliver shortly from Dalian Cosco KHI – the Sino-Japanese yard in the northeast of China.

Two weeks ago, Splash reported BW Dry Cargo as the buyer of the 81,344 dwt United Legacy for $17.5m.

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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