AsiaDry Cargo

Meghna pounces for Japanese supramax

Bangladesh’s Meghna Group has returned to the secondhand market. The wet and dry player has snapped up a seven-year-old supramax sold by Japanese interests.

The 56,000 dwt Bulk Phoenix has now been renamed Meghna Freedom and reflagged locally, according to Equasis. The ship is worth around $21m.

Bangladesh’s Meghna Group has regularly filled up headlines over the last five years.

VesselsValue lists 17 purchases mostly in dry since 2017 while it has also ordered 25 ships since 2018.
Meghna is one of the largest Bangladeshi industrial conglomerates. The group has two shipping subsidiaries, Mercantile Shipping Lines and United Shipping Lines.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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