Economou scoops Saverys for newcastlemax quartet

Economou scoops Saverys for newcastlemax quartet

Brokers are reporting George Economou has scooped the Saverys family for a quartet of modern Chinese-built newcastlemaxes.

Hunter Maritime Acqusition Corp, the new vehicle created by the Saverys family to bag bulker bargains, had originally taken four 205,000 dwt newcastlemaxes on subjects, but Splash understands DryShips has now swooped for the quartet.

All the ships – Super Star, Moritz Oldendorff, Wish Star and Valley Star – were built between 2013 and 2015 at Yangfan Shipbuilding. Economou is believed to have paid around $121m for the four vessels, some $5.5m more than the original bid tabled by Hunter Maritime.

The four ships were listed on database Equasis as previously owned by Shanghai’s Hong Xiang Shipping.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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