Cobelfret returns to dry bulk buying with Japanese post-panamax deal

Cobelfret returns to dry bulk buying with Japanese post-panamax deal

CLdN-Cobelfret has acquired 2011-built Imabari post-panamax vessel Tender Salute, according to broking sources.

Seasure Shipbroking and Advanced Shipping & Trading are both reporting that Cobelfret has paid Japan’s Misuga Kaiun $17m for the vessel, which VesselsValue values at $19.49m and MSI values at $18.9m.

According to VesselsValue, Cobelfret has a fleet of 34 vessels made up of 19 roros, one feedermax containership, and 13 bulkers. The bulker fleet includes five capes and four post-panamaxes.

Cobelfret’s last bulker acquisition was two years ago, when it bought the 2013-built post-panamax Conrad Oldendorff from Germany’s Oldendorff. It paid $19m for the vessel, which is now named Lowlands Rise.

Last year, Cobelfret has been in selling mode offloading two 2013-built handysizes to Canada’s Fednav and a 2001-built capsize to South Korea’s SM Line.

Cobelfret is part of the Luxembourg-based CLdN Group, run by the Cigrang family of Belgium.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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