China’s newest shipowner revealed

China’s newest shipowner revealed

China has a new shipowner. Jiangsu Suneng Logistics has snapped up three handymaxes, entering the domestic trades.

The 2010-built ships were sold at auction, having failed in earlier auctions. The geared vessels had belonged to defunct coal trader Lanhai, which has seen its fleet sold off in the last couple of years to pay back creditors. The en bloc price for the trio was set at $21m.

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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