Grand China Logistics selling kamsarmax trio

Grand China Logistics selling kamsarmax trio

Grand China Logistics has put three kamsarmaxes up for sale, with brokers circulating the 2015-built Zhen Bang, FH Ri Zhao and FH Fang Cheng.

While an en bloc sale is being considered, the intention is for the Zhen Bang to be sold first.

No price has been given, although MSI puts the fair market value of the Zhen Bang at $21.2m, the FH Ri Zhao at $23.4m, and the FH Fang Cheng at $21.5m.

The three vessels were all built at Jinhai Heavy Industries, and are fitted with Korean main engines and generators.

Grand China Logistics is the shipping unit of China’s multi-sector conglomerate HNA Group. The company currently operates a fleet of 22 bulk carriers.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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