Almost weekly lesser known owners in Southeast Asia are filling up as buyers in broking reports. This time it’s Salam Pacific Lines from Indonesia which is snapping up its first supramax.
The purchase marks a new era for the owner, which has previously focused on smaller containerships and multipurpose vessels acting for its inter-island trade.
Snapping up the Nisshin owned, Western Singapore for a price of $4.7m, is a significant move outside its niche trading area.
for a price of $4.7m, is a significant move outside its niche trading area.Salam Pacific purchased its the first vessel in 1980. Its current fleet is in excess of 50 vessels.
