AsiaDry Cargo

Djakarta Lloyd bounces back, eyes bulker buys

Indonesian line Djakarta Lloyd is making its first ship purchase moves since coming close to extinction three years ago. The state-run company, best known as a feeder containership operator, has just failed in a bid to buy the Japanese supramax bulker, Leo Advance, but brokers believe the company is readying offers on other bulker tonnage.

Splash understands Djakarta Lloyd tabled a $12.6m bid for the 54,000 dwt Leo Advance but negotiations with the ship’s Japanese owner, Tokei Kaiun Kaisha, fell through after much haggling.

Since skirting very close with bankruptcy in 2014, Djakarta Lloyd has focused on domestic logistics, feeder ships while concluding some coal shipments via chartered in tonnage.

Senior management at Djakarta Lloyd is believed to be undeterred by the Leo Advance reversal and is still on the hunt for suitable supramax tonnage. The Leo Advance, meanwhile, is expected to be recirculated for sale this week.

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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