Eastern Pacific Shipping puts handysize fleet up for sale

Eastern Pacific Shipping puts handysize fleet up for sale

Idan Ofer’s Eastern Pacific Shipping has put its fleet of four handysize bulkers up for sale.

Brokers are circulating the Imabari-built Irongate, Stargate, Westgate and Crystalgate to develop a sale as an en bloc deal.

While no indicative selling price was given, MSI’s eValuator puts the total value of the four vessels at around $57.9m.

Singapore-based Eastern Pacific is headed by Steve Kunzer, who has yet to respond to enquiries from Splash regarding the sale.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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