Chellaram makes first sale in a year

Chellaram makes first sale in a year

Hong Kong owner Chellaram Shipping completed its first move in the secondhand market in a year.The 13-strong bulker specialist has just let go of its oldest supramax, selling the the Mitsui-built, 56,000-dwt Darya Brahma (built 2006) for just under $11m, a firm price with VesselsValue pricing it at just $11.07m.

Broker sources tell Splash that the ship has gone to Indonesian bulker player, Pelayaran Bahtera.

The ship has been a cash cow for Chelleram since it was delivered 13 years ago. Chelleram is one a number of family run shipping companies in Hong Kong, set up by Lal Chellaram, the current group chairman, in 1979.

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.

Related Posts