AsiaDry Cargo

Five Oceans snaps up Turkish panamax bulker

South Korean owner Five Oceans Corporation has acquired the 2006-built 76,900 dwt panamax bulker Bettys Beauty from Turkish owner Zihni.

According to shipbroking sources, the Sasebo-built vessel was sold for a price of around $10m, substantially higher than VesselsValue‘s valuation of $8.58m.

The vessel has been renamed F Ocean, and grows the Korean company’s fleet to seven vessels including five bulkers.

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Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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