S-Bulkers proves adept at asset plays with latest handy sale

S-Bulkers proves adept at asset plays with latest handy sale

Athens-based S-Bulkers has made a very neat asset play. In January it decided to add its fifth bulker to its growing fleet, buying the 37,400 dwt Gleaming Oasis (built 2007) for $9.5m. The Saiki-built vessel is now renamed and sold as Sea Bronze for $2m more.

This is not the first successful asset play from the Greek owner. Last year it sold a supramax with a more than 90% price gain in a year, offloading the 53,600-dwt S-Bravery (built 2002) to Indonesian interests for $9m having bought it in 2016 for $ 4.8m.

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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