AsiaDry Cargo

Lumoso Pratama’s latest supramax deal falls through

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.

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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