Orient Shipping snaps up Fairmont handy

Orient Shipping snaps up Fairmont handy

Dutch dry bulk owner Orient Shipping has snapped up a Mitsubishi-built handysize King Wheat from the Ho family-controlled Fairmont Shipping.

The 2009-built vessel changed hands for around $11.9m to $12m according to broking reports, with Intermodal identifying Orient Shipping as the buyer. The Vesselsvalue market value of the ship is $11.76m.

The acquisition takes the Orient fleet to 12 vessels, all handysizes.

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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