Maestro Shipping takes Mitsubishi handy bulker

Maestro Shipping takes Mitsubishi handy bulker

Japanese owner Mitsubishi Corporation continues to downsize its bulker fleet, having sold its 2014-built handysize bulker Sagittarius Ocean.

According to shipbroking sources, the Onomichi-built 37,000 dwt bulker was sold to Swiss company Maestro Shipping for $14.6m.

Mitsubishi Corporation sold a total of 12 vessels in 2018, made up of eight bulkers and four tankers.

Maestro Shipping recently sold 1999-built 31,800 dwt handy bulker Maestro Lion to Greek interests. The company currently operates a fleet of 11 vessels comprising of three bulkers two roro vessels and six reefers.


Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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