Fukujin Kisen sells modern ultramax

Fukujin Kisen sells modern ultramax

Japan’s Fukujin Kisen has decided to sell its oldest ultramax, the three-year-old Shin Kurushima-built Red Daisy.

Sources say the ship fetched $21m, in line with the $20.5m price tag online portal VesselsValue puts on the vessel.

The Red Daisy has been profitable for Fukujin. Sales registers show that it bought the ship from Peter Livanos’s Ceres Group for $18.75m in 2016 with a two-year time charter back at $6,000 per day. The ship has been trading in the CTM Supramax Pool.

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.

Related Posts