AsiaDry Cargo

Chowgule Steamship sells young handy

Mumbai-listed bulker specialist Chowgule Steamship has fetched around $16m for its youngest ship, a 34,900 dwt bulker, named Maratha Premier, sources tell Splash. Splash understands a company called M Maritime is behind the purchase of the Hakodate-built ship which was delivered just a couple of months ago.

The seller, Chowgule Steamship, has recently explored sales and purchases opportunities for its coastal and river trade business domestically.

Chowgule Steamship was established in 1963 and is a pure bulk player.

Chowgule Steamship is listed with five ships including the Maratha Premier in the Equasis fleet register and is a part of the much bigger conglomerate Chowgule Group of companies from Goa, India.

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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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