CSC Phoenix in for two secondhand bulkers

CSC Phoenix in for two secondhand bulkers

Chinese domestic owner CSC Phoenix has acquired two secondhand bulk carriers, having announced plans to do so in March.

The company has acquired the 2002-built handymax bulker Astra from Norwegian owner Jupiter Bulker, while in a separate deal it has bought the 2002-built supramax bulker Ocean Treasure from Ukraine’s Kaalbye Shipping.

The vessels are expected to be delivered to the company before June 20. Total price for the two vessels is $16.85m.

CSC Phoenix reported a risk of capacity shortage in April and it expects the two vessels to increase profitability for the company.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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