CarVal takes HMM cape for $30.5m

CarVal takes HMM cape for $30.5m

Weeks after Korean owner Hyundai Merchant Marine (HMM) invited offers for the 178,896 dwt old Hyundai Talent, Splash can finally reveal the buyer of the 2010-built capesize. US-based CarVal Investors is reported by brokers as paying $30.5m for the ship. CarVal is partly owned by Cargill and has been on the prowl for tonnage all year.

The HMM cape deal come weeks apart since CarVal was linked to two Chinese-built panamaxas owned by Japan’s Nisshin Shipping in a deal that has yet to be confirmed.

CarVal is listed with twelve capes.

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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