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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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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