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Chellaram revealed as buyer of Klaveness kamsarmax

Photo of Sam Chambers Sam ChambersOctober 31, 2016
21 Less than a minute
Tsuneishi

Chellaram Shipping, which has been busy paring back its dry bulk interests for most of this year, is still sniffing around for some bargains.

It has been reported by Clarksons Research as the buyer of the just-delivered Bavang. The brand new kamsarmax was ordered by Klaveness Bulk at China’s Yangzijiang yard and has been sold for $19.2m.

As reported on Splash last week, the sale marks Klaveness exit from the kamsarmax sector, having ordered a total of eight kamsarmaxes at the same Chinese shipyard three years ago.

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Photo of Sam Chambers Sam ChambersOctober 31, 2016
21 Less than a minute
Photo of Sam Chambers

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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