Dry CargoGreater China

Front Line Capital adds fifth supramax

One of China’s fastest growing owners has sealed its fifth supramax at a cheap price. Su Ning-led Front Line Capital has bought the popular Dolphin 57 type, 57,000 dwt Qingshan supramax, Suprastar for $7.2m, and renamed it FLC Celebration. Pricing portal VesselsValue estimates the ship is worth more than a million more today.

Splash understands Credit Agricole was the financier pushing to sell this ship on behalf of Serono Shipping.

Su, the ex-head of CMB Leasing, has repeatedly proved that Front Line Capital has a strong sense of business acumen since the outfit quietly added its first ship in 2017.

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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