Singapore owner Wilmar is ending the year at a gallop. Subsidiary Raffles Shipping has just been linked as the buyer of a pair of NewLead handies.
Creditor Goldman Sachs organized the sale of the NewLead Albion and Newlead Venetico – four-year-old 32,318 dwt sister ships built in China that have been laid up for the last three months. The Wilmar subsidiary is reported by brokers as paying just $6m per ship. NewLead had bought the pair – previously known as Maple Amethyst and Maple Crystal – back in March 2014 for $18.5m each.
In recent months Wilmar has bought a product tanker and a supramax bulker – also at bargain basement prices.
Greece’s NewLead Holdings has seen a number of its ships auctioned off this year.