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EGPN pens kamsarmax deal with Chengxi Shipyard

Fast growing Hong Kong owner EGPN Bulk Carrier has ordered a single 82,000 dwt kamsarmax from Chengxi Shipyard in China, with delivery scheduled in mid-2023, according to Clarkson Research Services. No price has been revealed.

EGPN Bulk Carrier was established in Hong Kong in 2014 as a joint venture between Eastern Ocean Transportation, a large Chinese nickel ore ship operator, and Great Pacific Navigation, a grain player.
Splash reported last month on the increasingly bold moves from EGPN, including making its first asset play, selling a supramax it had bought last June for a swift $3.8m profit.

Active EGPN’s six-strong fleet today covers everything from handysize to capesize. It has almost doubled the size of its fleet each year since it became a shipowner in 2017.

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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