Dry CargoGreater China

Ocean Longevity seals deal for panamax bulker

Hong Kong-based bulker owner Ocean Longevity is in the market, snapping up secondhand Japanese-built tonnage.

Brokers tell Splash that the owner has added new ships to its 25-strong fleet list. The latest addition is the 2008-built panamax bulker, Star of Sawara, at what appears to be an off-market deal with Japanese owner Chiba Shipping for just under $14m. Ocean Longevity is also thought to be close to sealing a second bulker deal as the week closes.

Ocean Longevity’s broad fleet range of bulkers goes from panamax class through to 250,000 dwt VLOCs.

Ocean Longevity is owned by Kwai Sze Hoi, who left Cosco Group and established the company in the early 1990s.

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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