AsiaDry Cargo

H-Line pays firm $22m for Japanese cape

The first cape sale in December has been sealed with brokers reporting a further swathe of tonnage will likely change hands before Christmas.

South Korea´s H-Line has paid Keiyo Kisen a firm $22m for the 2007-built Cape Treasure. The last similar aged ship sold this summer went for some $2m less.

The Hahn and Co-controlled cape specialist, H-Line, has stayed away from the secondhand market for some years, preferring newbuilds. VesselsValue lists 41 capes in H-Line’s fleet including seven newbuilds yet to deliver.

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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