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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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