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Erasmus Shipinvest in for panamax

Erasmus Shipinvest, led by John Su, is in for its third ship purchase of the year. The oufit is said to have spent $13m for the 75,700 dwt Coral Garnet from Japanese owner World Marine Co, a price in line with the market according to online pricing portal VesselsValue.

The vessel is a fine fit looking at Erasmus’s existing fleet list, which includes 12 bulkers with an average age of seven years. Erasmus has a strong focus on panamax bulkers.

Recently Erasmus opened an office in Switzerland, a move that will bring the company closer to the largest commodities houses.

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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