Dry CargoGreater China

Oak Maritime plants cape pair in the shop window

Oak Maritime is looking to offload a pair of capes. Brokers tell Splash that the Hsu family-controlled company has started marketing the 2010-built Mineral Oak, which it has as a 50:50 joint venture with Belgium’s Bocimar, with a price tag of around $27m as well as the older 2003-built fully owned Mineral Antwerpen, which is likely to fetch a price close to $15m.

If the sales go though Oak Maritime would still be left with 10 bulkers and a VLCC.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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