Celsius snaps up ultramax resale

Celsius snaps up ultramax resale

Clarksons Research reports China’s Zhejiang Yangfan shipyard has sold a SDARI 64 design ultramax resale (Hull BC64k-DM02), for prompt delivery, to Copenhagen-headquartered Celcius Shipping for a price in the high $16m.

“The sale follows the disposal by the yard of a sister vessel to clients of Korea Line, as part of a structured cancellation package of existing orders two months ago,” Clarksons reported.

Celsius acts as a platform for investors to come in on ship acquisition deals with a focus on specialized tonnage. Its investments to date have been centred on chemical and product tankers as well as LPG tankers with dry bulk only coming into play recently.

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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