Celsius in hot pursuit of more bulker resales

Celsius in hot pursuit of more bulker resales

One of the most aggressive bulk bargain hunters at Chinese yards has swooped again for a pair of ultramax resales.

Celsius Shipping has taken two 64,000 dwt resales at Sainty Marine – a yard Celsius knows well – for a price that has been reported by different brokers as somewhere between $19m and $20.2m each.

Having settled the cancellation of a series of bulker newbuilds at Sainty Marine last October, Celsius set about an aggressive buying spree, taking seven resales and four secondhand ships in the second half of last year.

“They are probably as active as BW and Songa over the last 12 months, albeit more on the supramax/ultramax segment,” a broking source told Splash today.

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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