CSL Group adds handymax for conversion

CSL Group adds handymax for conversion

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.

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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