AsiaDry Cargo

MSPL puts post-panamax pair up for sale

Photo of Grant Rowles Grant RowlesSeptember 17, 2018
40 Less than a minute

Indian iron ore miner MSPL, part of the Baldota Group, has put a pair of 2011-built post-panamax bulkers up for sale.

The Indus Fortune and Indus Prosperity are sister ships from Chinese yard Taizhou Sanfu and “can be developed for sale” according to information circulated by brokers.

While no price has been placed on the pair, MSI puts the fair market value of both the Fortune and Prosperity at $20.6m.

MSPL, via Singapore-based shipping arm MSPL Diamond, currently has four post-panamax sister vessels making up its fleet.

 

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Photo of Grant Rowles Grant RowlesSeptember 17, 2018
40 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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