Celsius in $41m bulker spree

Celsius in $41m bulker spree

Denmark’s Celsius Shipping has swooped for four Chinese-built bulkers, according to various broking reports. Celsius is paying $8m each for two four year old supramaxes owned by Conti Holdings. The Conto Fuchsit and the Conti Flint are 57,000 dwt sister ships with four cranes each, built at Cosco Guangzhou.

The acquisitive owner is also linked with another swoop for sister ships, taking the ultramaxes JS Loire and JS Rhin for $12.8m each from France’s Greenship Bulk. The ships were built at Yangzhou Dayang in 2012.

Celsius declined to confirm the deals.

Having settled a dispute with Chinese yard Sainty Marine over three cancelled ship orders this June, Celsius has been aggressive in the S&P markets over the summer. Two weeks ago it bought a Japanese-built chemical tanker.

Celsius acts as a platform for investors to come in on ship acquisition deals with a focus on specialized tonnage.

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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