Indonesia’s Lumoso Pratama Line’s latest bulker purchase deal has fallen through. Last week, the 53,500 dwt Bulk Paraiso was reported as sold by Japan’s Daiichi Chuo for $10.3m with the fast-growing supramax buyer Lumoso Pratama linked to the 12-year-old vessel, however brokers now report the ship is being circulated for sale again. The Iwagi Zosen-built vessel was a sister ship of Lumoso Pratama’s last purchase from November.
Lumoso Pratama is Indonesia’s largest and fastest growing supramax specialist, with a fleet list counting 11 ships, with an average age of 12 years. The company was started in 2008. Data from VesselsValue show that the oufit bought five supramaxes between 2015 and 2017, while last year it added two ships. The company’s bulkers all trade under the Indonesian flag.