Price differential between Japanese and Chinese bulkers evident in recent resales

Price differential between Japanese and Chinese bulkers evident in recent resales

A resale panamax bulker with a 38 m wide beam design has fetched $25m in an off-market deal, Thrasyvoulos bought by Samos Steamship from Alexandria Shipping.

The Japanese built ship contrasts with another similar deal, the BSI Cadogan, which is due for delivery in China shortly. While just 3,000 dwt smaller, the BSI Cadogan was only able to muster $20.7m, a clear indicator of the differential between Japanese and Chinese built ships.

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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