AsiaDry Cargo

Lavinia pays $12.5m for bargain panamax bulker

Korean owner Haeyoung Maritime Services have just done a deal, selling a six-year-old Penglai Zhongbai built bulker according to broking reports. The 75,000 dwt TTM Brilliance fetched $12.5m from Lavinia Corporation. The sale seems to be a good deal for the buyer as pricing portal VesselsValue estimates the bulker to be worth $14.9m.

After the sale Haeyoung is left with one smaller bulker and a car carrier.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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