Dry CargoGreater China

FOSCO makes cape entrance

Numerous broking reports report that low key Fujian based bulker owner Fujian Ocean Shipping has snapped up its biggest ship today. 

Sources say the 10-ship strong outfit has been seen offering on the 20-year-old, 170,000 dwt vintage cape Alpha Era.

The ship is now reported sold at just below $8m, close to the owner’s selling price. The ship was sold by one of Anna Angelicoussis Kanellakis’s shipowing arms, Alpha Bulkers.  

Chinese bulker owners are actively bidding for vintage bulkers at the moment. Last week Splash reported that Jiangsu Steamship also made its entry into the cape sector, adding the 2003-built 171,015 dwt Aquaglory for around $9m from Greece’s Carras Hellas.

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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