Handysize specialist CSL Group has snapped up its first ship of the year, adding a 2003-built vintage handymax, sources tell Splash.
The Louis Martel-led company has reportedly shaken hands with Greece’s Pioneer Marine, paying the bulk player just under $10m for the 45,000 dwt, Paradise Bay, a Japanese built ship that is scheduled to be converted to become a self-discharger.
Last year Montreal-headquartered CSL added a slightly smaller ship, the 28,400 dwt bulker Glorious Sunshine, later renamed Akuna.
CSL has three focuses in its fleet: gearless bulkers, self-unloaders, and a number of transhippers. VesselsValue lists the company with 42 vessels valued at $362m.