Cape targets hove out of view again for Hunter Maritime

Cape targets hove out of view again for Hunter Maritime

Hunter Maritime Acquisition Corp has ditched another bid for a bunch of capesizes. The bulker bargain vehicle created by the Saverys family from Belgium had eyed five Cypriot controlled capes which they had lodged a bid for worth $133.5m. No final deal could be agreed however and once again Hunter Maritime leaves the table hungry. Earlier this year it lost out to George Economou on another series of capes.

Founded last year, Hunter Maritime is in the hunt for cheap bulkers, likely for asset plays, like a host of other big names in shipping at the moment including John Fredriksen, Arne Blystad and Andreas Sohmen-Pao.

Hunter Maritime remains resolute however that it is still foraging for tonnage, saying in a release today: “ The company will continue to seek to identify potential target businesses or assets.”

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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