H-Line’s cape spree takes in new and old tonnage

H-Line’s cape spree takes in new and old tonnage

H-Line Shipping of South Korea is back in the market, sniffing at capesize candidates. H-Line, who is among the biggest players in this segment in South Korea, has offered $16.3m and fixed terms for the 176,000 dwt Cape Aria from Cyprus’s Universal Tanker Management. The deal comes with a three-year time charter attached.

Splash understands that the ship still needs to be inspected after which H Line could lift subjects and close the deal, celebrating its first purchase in this segment for over a year.

Universal Tanker Management bought the Cape Aria as Maritime Power in May from Greek shipowner Phoenix Energy Navigation for $13.5m.

Latest shipbroking reports show fast growing H-Line has just ordered another pair of LNG-fuelled capes at Hyundai Samho for 2022 delivery.

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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