Former Pacific Basin handy trio finally separated

Former Pacific Basin handy trio finally separated

The final ship of a trio of 1997 Japanese-built handysizes formerly controlled by Hong Kong’s Pacific Basin has now been sold, brokers report.

The elderly bulkers first came up for sale after their 10-year bareboat charters expired, some months ago. The first unit, the 28,800 dwt Cape Spencer (built 1997), was sold in July. The second ship, Castle Island, was sold at the beginning of August and now all the three ships from Shin Kurushima Dockyard are finally gone to separate owners.

The last ship out was Cape Scott and all ships fetched around $2.4m each. Japanese tanker specialist Tsurumi Sunmarine is linked as the buyer of this last ship. A bulker will be lonely in Tsurumi Sunmarine’s fleet of around 10 ships, which has a strong tanker accent to it.

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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