AsiaDry Cargo

China Navigation adds one ship to its bulker binge

Last week brokers told Splash that China Navigation bulker arm Swire Bulk had snapped up a trio of 38,800 dwt handysize newbuildings. The ships were originally ordered by German bulker outfit Bertling but sold by the yard, Huanghai Shipbuilding.

This week more details have been added in the form of one more ship. This a sister ship, the Sulawesi due for delivery next year. The ships revealed last week were Cumbria, Galicia and Venezia all of the Green Dolphin design. China Navigation paid $15.5m each for the ships.

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.
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