Oaktree makes first supramax play

Oaktree makes first supramax play

Shipping investment platform Oaktree Capital Management has done few low-key moves, adding a trio of ships in two new segments

At the start of last month the US-based outfit added its first supramax, the Eleen Neptune from Japanese interests. The distressed assets specialist laid $15m on the table for the nine-year-old Mitsui-built ship. The fair market value is half a million more according to MSI.

The supramax move came some months after it made its first move into handysize sector, adding the 36,800 dwt Praslin for $13m from Norden. The outfit added its first handy at the beginning of the year, taking the 26,000 dwt Vantage Blade, albeit the deal was not officially concluded until last month.

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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