AmericasDry Cargo

Foremost puts capesize trio up for sale

US dry bulk shipping company Foremost Group has put three capesize bulkers up for sale.

According to broking sources, the three bulkers are the 2010-built 178,000 dwt Ping May and 2011-built 176,000 dwt Guo May and Zhong May.

According to MSI, the fair market value for the Ping May is $29m, Guo May $31.2m and Zhong May $28.9m.

Foremost ordered two post-panamaxes at Japan’s Oshima Shipbuilding last month and also has four newcastlemax bulkers on order at China’s Waigaoqiao Shipbuilding.

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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