A low profile mainland Chinese owner based in Hong Kong has made notable moves in the dry bulk market in the past few days.
EGPN Bulk Carrier has taken a pair of three-year-old kamsarmax sisterships – the Smooth Vitality and Smooth Velocity for just shy of $14m each. The deal comes with a time charter attached at $5,500 per day until January next year.
The two 82,000 dwt bulkers are the last remains from bust Sainty Marine’s fleet buildup and were built at Sainty’s now defunct yard in China.
Last week EGPN chartered in a modern cape for 11 to 13 months, while at the beginning of the month it fixed another ship for four to six months.
The private Chinese outfit was registered in Hong Kong a few years ago and was formed as a result of a merger between two Beijing-based charter operators.