Greek owner stays active in handysize segment

Greek owner stays active in handysize segment

Low profile Tide Line, a pure handy player, is linked to its second ship in the space of two months.

Broker sources tell Splash that it has snapped up the 2008-built handysize CS Ocean for $8.5m from Japan’s Chugoku Sougyo. The price is in line with the market, according to data from online pricing portal VesselsValue.

Last year Tide bought two similar-sized 2006-built ships, the CS Salina and the CS Chara from Campell Shipping.

Piraeus-based Tide Line has steadily been increasing its fleet size. Its last purchase was in March when it bought the 2006-built, 28,500 dwt Mardi Gras for $5.9m. This ship was later renamed Anemos.

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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