Great Eastern takes second cape

Great Eastern takes second cape

Brokers tell Splash India’s Great Eastern has snapped up the seven-year-old 179,000 dwt Hanjin Cape Lambert.

The ship has not been on the market for a long time but still fetched a solid $19.5m despite a recent dip in the Baltic cape index. The sale showed that modern capesizes continue to attract attention, notes one broker. VesselsValue.com prices the Hyundai Heavy Industries built bulker at $18.21m. The acquisition doubles Great Eastern’s cape fleet having bought the 179,000 dwt Cape Althea from Japan’s K Line in June.

In addition to the above capesize, Great Eastern has also been linked to the purchase of a simlar aged Japanese built supramax, the 58,000 dwt Star Manx, for just under $12m.

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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