Canfornav takes Parakou handies

Canfornav takes Parakou handies

Canadian Forest Navigation (Canfornav) has bought a pair of sister laker ships – Gadwall and Garganey – that it had been chartering from Hong Kong’s Parakou Shipping. No price has been given for the 10-year-old China-built handy pair, though brokers estimate the price per unit would have been in the region of $7m.

Low profile Parakou has set about rejuvenating its fleet over the last two years. It has seven ultramaxes due to deliver this year and is also waiting on delivery of four medium-range (MR) tanker newbuilds.

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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