Franbo Lines acquires supramax from Taiwan Navigation

Franbo Lines acquires supramax from Taiwan Navigation

Taiwanese owner Franbo Lines has announced the acquisition of a 51,000 dwt bulk carrier from Tai Shing Maritime, an affiliate company of Taiwan Navigation.

The company will pay $8.55m for the vessel, which is believed to be the 2002-built supramax bulker Tai Harvest recently sold by Taiwan Navigation.

Franbo Lines said the vessel acquisition would increase the profitability of the company.

Delivery of the vessel is scheduled before the end of the year and the vessel will be the largest in the Franbo fleet.

Franbo Lines currently operates a fleet of 11 bulk carriers, most of which are below 20,000 dwt.

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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