K Line’s busy festive period sees plenty of ships circulated for sale

K Line’s busy festive period sees plenty of ships circulated for sale

Brokers predict no a busy Christmas for Japanese shipping major Kawasaki Kisen Kaisha (K Line).

The active outfit is offloading ships at a rapid speed during the last month of the year. Last week, K Line sold a nine-year-old aframax, the 115,000 dwt Singapore River, for $23.3m. A new sale is in the pipeline this week with K Line’s Singapore subsidiary just committing the ten-year-old supramax, Luisia Colossus, for $15m.

K Line Singapore’s selling spree is expected to continue as a third ship is now up grabs, with a similar aged supramax, Ocean Colossus, being circulated for sale. This ship is now moving through the South China Sea after a trip to the Philippines. K Line is inviting owners’ representatives to come and inspect the ship in sunny Haikou around Christmas eve where the ship will discharge around 22 or 23 December.

Next year K Line, one of the world’s largest shipping lines, turns 100 years old.

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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